Molten Ventures (LON:GROW) Trading 14.6% Higher - Here's What Happened

Key Points

• Molten Ventures Plc shares surged 14.6% on Thursday, reaching a high of GBX 473.20 ($6.32), with over 1.8 million shares changing hands.
• Berenberg Bank reaffirmed a "buy" rating and set a target price of GBX 580, reflecting positive analyst sentiment toward the stock.
• The company maintains a debt-to-equity ratio of 7.15, indicating it relies heavily on debt financing relative to its equity.

Molten Ventures Plc (LON:GROW - Get Free Report) shares traded up 14.6% on Thursday . The company traded as high as GBX 473.20 ($6.32) and last traded at GBX 472 ($6.31). 1,867,496 shares changed hands during trading, an increase of 85% from the average session volume of 1,011,146 shares. The stock had previously closed at GBX 411.80 ($5.50).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 580 target price on shares of Molten Ventures in a research note on Thursday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of GBX 580.

Molten Ventures Price Performance

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's 50 day moving average is GBX 376.82 and its 200 day moving average is GBX 329.96. The firm has a market cap of £831.48 million, a P/E ratio of -1,180.00 and a beta of 1.25.

Insider Activity

In related news, insider Stuart Malcolm Chapman sold 112,931 shares of the business's stock in a transaction dated 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 acquired 7,197 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were acquired at an average cost of GBX 348 per share, for a total transaction of £25,045.56. Insiders have purchased 14,686 shares of company stock worth $5,110,728 in the last three months. 1.54% of the stock is currently owned by insiders.

Molten Ventures Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.