Molten Ventures Plc (LON:GROW - Get Free Report)'s stock price shot up 14.6% during trading on Thursday . The stock traded as high as GBX 473.20 ($6.31) and last traded at GBX 472 ($6.29). 1,867,496 shares traded hands during mid-day trading, an increase of 85% from the average session volume of 1,011,146 shares. The stock had previously closed at GBX 411.80 ($5.49).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 580 price objective on shares of Molten Ventures in a report on Thursday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of GBX 580.
Read Our Latest Stock Report on Molten Ventures
Molten Ventures Stock Up 14.6%
The business's fifty day simple moving average is GBX 378.83 and its 200 day simple moving average is GBX 331.64. The company has a current ratio of 197.67, a quick ratio of 4.37 and a debt-to-equity ratio of 7.15. The stock has a market cap of £831.48 million, a price-to-earnings ratio of -1,180.00 and a beta of 1.25.
Insiders Place Their Bets
In other news, insider Benjamin David Wilkinson purchased 7,197 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was bought at an average price of GBX 348 per share, with a total value of £25,045.56. Also, insider Stuart Malcolm Chapman sold 112,931 shares of the business'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. Insiders have acquired a total of 14,686 shares of company stock valued at $5,110,728 in the last ninety days. Company insiders own 1.54% of the company's stock.
About Molten Ventures
(
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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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