Octopus Renewables Infrastructure Trust (LON:ORIT) Shares Up 0.8% - Here's Why

Key Points

• Octopus Renewables Infrastructure Trust saw a 0.8% increase in its share price, trading at GBX 66.50 ($0.90) during mid-day trading on Wednesday.
• The trading volume surged to 3,277,305 shares, representing a 171% increase from the average session volume.
• As an Impact Fund, ORIT aims to transition to net zero by investing in renewable energy assets across Europe, the UK, and Australia.

Octopus Renewables Infrastructure Trust plc (LON:ORIT - )'s share price shot up 0.8% during mid-day trading on Wednesday . The company traded as high as GBX 66.50 ($0.90) and last traded at GBX 66.50 ($0.90). 3,277,305 shares were traded during trading, an increase of 171% from the average session volume of 1,208,853 shares. The stock had previously closed at GBX 66 ($0.89).

Octopus Renewables Infrastructure Trust Stock Up 0.8%

The stock has a market capitalization of £356.18 million, a price-to-earnings ratio of 3,166.67 and a beta of 0.15. The business's 50 day simple moving average is GBX 70.84 and its 200-day simple moving average is GBX 69.31.

Octopus Renewables Infrastructure Trust Company Profile

Octopus Renewables Infrastructure Trust plc (“ORIT”) is an Impact Fund helping accelerate the transition to net zero. It is an investment company focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of Renewable Energy Assets across Europe, the UK and Australia.

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