Molten Ventures (LON:GROW) Trading Up 5.6% - Here's What Happened

Molten Ventures Plc (LON:GROW - Get Free Report)'s share price was up 5.6% during trading on Friday . The company traded as high as GBX 312 ($4.23) and last traded at GBX 310.60 ($4.21). Approximately 743,036 shares traded hands during trading, a decline of 38% from the average daily volume of 1,193,818 shares. The stock had previously closed at GBX 294.20 ($3.99).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and set a GBX 580 ($7.86) target price on shares of Molten Ventures in a report on Thursday, April 24th.

Molten Ventures Trading Up 2.4%

The company has a market capitalization of £591.82 million, a P/E ratio of -17.78 and a beta of 1.25. The stock's 50 day moving average is GBX 276 and its 200-day moving average is GBX 295.25. The company has a debt-to-equity ratio of 7.15, a current ratio of 197.67 and a quick ratio of 4.37.

Insider Buying and Selling

In other Molten Ventures news, insider Andrew Zimmermann purchased 1,739 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average cost of GBX 286 ($3.88) per share, for a total transaction of £4,973.54 ($6,740.13). 8.56% of the stock is owned by insiders.

Molten Ventures Company Profile

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy' in the form of truly patient capital, access to international networks and decades of experience building businesses.