Molten Ventures (LON:GROW) Trading Up 5% - Still a Buy?

Molten Ventures Plc (LON:GROW - Get Free Report) shares were up 5% during trading on Friday . The stock traded as high as GBX 334.60 ($4.59) and last traded at GBX 333.40 ($4.58). Approximately 848,611 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 1,150,824 shares. The stock had previously closed at GBX 317.60 ($4.36).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 580 ($7.96) target price on shares of Molten Ventures in a research report on Thursday, April 24th.

Molten Ventures Trading Up 5.0%

The business has a 50 day simple moving average of GBX 291.67 and a 200-day simple moving average of GBX 293.46. The company has a debt-to-equity ratio of 7.15, a quick ratio of 4.37 and a current ratio of 197.67. The stock has a market capitalization of £620.48 million, a P/E ratio of -18.65 and a beta of 1.25.

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.

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