Octopus Apollo VCT (LON:OAP3) Trading Down 3.2% - Here's Why

Key Points

• Octopus Apollo VCT's share price dropped by 3.2% on Thursday, trading as low as GBX 45 ($0.59), marking a significant decline in trading volume with only 3 shares exchanged.
• The company reported a negative return on equity of 1.19% and a negative net margin of 226.25% in its latest earnings announcement for the quarter ending May 22nd.
• Insider Alex Hambro sold 55,913 shares at an average price of GBX 47 ($0.62), while another insider, Christopher Powles, sold 14,149 shares for the same price, indicating significant insider trading activity.

Octopus Apollo VCT (LON:OAP3 - Get Free Report)'s share price dropped 3.2% during trading on Thursday . The stock traded as low as GBX 45 ($0.60) and last traded at GBX 45 ($0.60). Approximately 3 shares changed hands during trading, a decline of 100% from the average daily volume of 415,719 shares. The stock had previously closed at GBX 46.50 ($0.62).

Octopus Apollo VCT Stock Up 3.2%

The stock has a market cap of £461.71 million, a PE ratio of -80.14 and a beta of -0.09. The firm has a 50 day moving average price of GBX 46.64 and a 200 day moving average price of GBX 46.34.

Octopus Apollo VCT (LON:OAP3 - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported GBX (0.20) ($0.00) EPS for the quarter. Octopus Apollo VCT had a negative net margin of 226.25% and a negative return on equity of 1.19%.

Insider Buying and Selling at Octopus Apollo VCT

In related news, insider Alex Hambro sold 55,913 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of GBX 47 ($0.62), for a total transaction of £26,279.11 ($34,880.69). Also, insider Christopher Powles sold 14,149 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of GBX 47 ($0.62), for a total value of £6,650.03 ($8,826.69). Company insiders own 0.07% of the company's stock.

About Octopus Apollo VCT

Octopus Apollo VCT plc is a venture capital trust specializing in development and expansion investments in smaller unquoted companies. The fund invests in small and medium sized companies in the United Kingdom. It typically invests in companies with debt investment values between £1 million ($1.64 million) and £2 million ($3.29 million).