Mobius Investment Trust (LON:MMIT) Trading Up 1.1% - Should You Buy?

Mobius Investment Trust plc (LON:MMIT - Get Free Report)'s stock price shot up 1.1% during mid-day trading on Wednesday . The stock traded as high as GBX 139.50 ($1.90) and last traded at GBX 139.50 ($1.90). 325,325 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 150,780 shares. The stock had previously closed at GBX 138 ($1.87).

Mobius Investment Trust Stock Down 0.5%

The stock has a market capitalization of £159.85 million, a PE ratio of 9.24 and a beta of 0.74. The firm has a 50 day moving average price of GBX 131.75 and a 200-day moving average price of GBX 134.53.

Insider Activity

In other news, insider Diana Dyer Bartlett acquired 30,992 shares of Mobius Investment Trust stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of GBX 128 ($1.74) per share, for a total transaction of £39,669.76 ($53,891.81). 26.82% of the stock is currently owned by insiders.

Mobius Investment Trust Company Profile

Mobius Investment Trust plc (“MMIT”) is a closed-ended investment company listed on London Stock Exchange LSE: MMIT. MMIT provides investors with access to a high conviction portfolio of 20-30 small to mid-cap companies, across emerging and frontier markets. The London listed investment trust will be managed by Mobius Capital Partners LLP (“MCP”), an investment manager launched in May 2018 by Mark Mobius, Carlos Hardenberg and Greg Konieczny.