Molten Ventures Plc (LON:GROW - Get Free Report)'s share price was up 13.7% during trading on Thursday . The stock traded as high as GBX 470.60 ($6.29) and last traded at GBX 468.20 ($6.26). Approximately 1,348,653 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 1,008,628 shares. The stock had previously closed at GBX 411.80 ($5.50).
Wall Street Analyst Weigh In
Separately, Berenberg Bank restated a "buy" rating and set a GBX 580 price objective on shares of Molten Ventures in a research report on Thursday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Molten Ventures presently has a consensus rating of "Buy" and an average price target of GBX 580.
Read Our Latest Stock Report on Molten Ventures
Molten Ventures Trading Up 14.6%
The company has a 50 day moving average of GBX 376.82 and a 200 day moving average of GBX 329.96. 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 firm 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 Molten Ventures news, insider Stuart Malcolm Chapman sold 112,931 shares of Molten Ventures stock in a transaction on Friday, August 22nd. The stock was 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 company's stock in a transaction that occurred on Wednesday, September 17th. The shares were purchased at an average price of GBX 348 per share, with a total value of £25,045.56. Over the last three months, insiders have acquired 14,686 shares of company stock valued at $5,110,728. 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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