Octopus Renewables Infrastructure Trust (LON:ORIT) Trading Up 2.6% - Time to Buy?

Key Points

• Octopus Renewables Infrastructure Trust (LON:ORIT) shares rose by 2.6%, trading at GBX 71.60 ($0.97), reflecting a notable increase from the previous close of GBX 69.80 ($0.94).
• The total trading volume was approximately 706,022 shares, which is a 41% decline from its average daily volume of 1,204,733 shares.
• This investment firm focuses on providing sustainable income through a diversified portfolio of Renewable Energy Assets across Europe, the UK, and Australia, aimed at supporting the transition to net zero.

Octopus Renewables Infrastructure Trust plc (LON:ORIT - )'s share price was up 2.6% on Tuesday . The company traded as high as GBX 71.60 ($0.97) and last traded at GBX 71.60 ($0.97). Approximately 706,022 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 1,204,733 shares. The stock had previously closed at GBX 69.80 ($0.94).

Octopus Renewables Infrastructure Trust Trading Up 2.6%

The business's fifty day simple moving average is GBX 72.63 and its two-hundred day simple moving average is GBX 69.14. The stock has a market capitalization of £397.59 million, a P/E ratio of 21.91 and a beta of 0.15.

About Octopus Renewables Infrastructure Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.