Molten Ventures (LON:GROW) Sets New 12-Month High - Still a Buy?

Key Points

• Molten Ventures Plc shares reached a new 52-week high of GBX 440.80, closing at GBX 428.40 amid a trading volume of 448,731 shares.
• Analysts have given the stock a buy rating with a target price of GBX 580, reflecting strong investor confidence.
• Insider trading activity shows that corporate insiders have recently sold and bought shares, with a total of £5,110,728 in shares purchased over the last 90 days.

Molten Ventures Plc (LON:GROW - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 440.80 ($5.89) and last traded at GBX 428.40 ($5.72), with a volume of 448731 shares trading hands. The stock had previously closed at GBX 411.80 ($5.50).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 580 price objective on shares of Molten Ventures in a research report on Wednesday, July 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 580.

Molten Ventures Price Performance

The stock's 50 day moving average price is GBX 376.82 and its two-hundred day moving average price is GBX 329.96. The company has a debt-to-equity ratio of 7.15, a current ratio of 197.67 and a quick ratio of 4.37. The firm has a market capitalization of £809.29 million, a price-to-earnings ratio of -1,148.50 and a beta of 1.25.

Insiders Place Their Bets

In related news, insider Stuart Malcolm Chapman sold 112,931 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of GBX 371, for a total transaction of £418,974.01. Also, insider Benjamin David Wilkinson bought 7,197 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were bought at an average price of GBX 348 per share, with a total value of £25,045.56. Insiders bought 14,686 shares of company stock valued at $5,110,728 over the last 90 days. 1.54% of the stock is owned by corporate insiders.

About Molten Ventures

Molten Ventures is a leading British venture capital firm backing Europe's highest-growth private technology companies. Our expert investment team stay ahead of the curve, identifying transformative trends and next-generation companies before they break through. We combine multiple pools of capital to invest at all stages of the business lifecycle—from seed and early stage to growth and late stage—focusing on disruptive sectors like Spacetech, Fintech, and AI.

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