Octopus Titan VCT (LON:OTV2) Stock Price Up 6.1% - Time to Buy?

Key Points

• Octopus Titan VCT's stock price rose 6.1% during mid-day trading, reaching GBX 26 ($0.35).
• Despite the rise, trading volume significantly dropped, with only 140,292 shares exchanged compared to an average of 920,326 shares.
• The firm specializes in investing in early-stage startups across various sectors including technology, media, telecoms, and consumer lifestyle.

Octopus Titan VCT (LON:OTV2 - ) shares were up 6.1% during mid-day trading on Thursday . The company traded as high as GBX 26 ($0.35) and last traded at GBX 26 ($0.35). Approximately 140,292 shares were traded during trading, a decline of 85% from the average daily volume of 920,326 shares. The stock had previously closed at GBX 24.50 ($0.33).

Octopus Titan VCT Stock Up 6.1%

The firm's fifty day simple moving average is GBX 27.77 and its 200-day simple moving average is GBX 32.30. The company has a market cap of £428.41 million, a PE ratio of -288.89 and a beta of -0.09.

Octopus Titan VCT Company Profile

Octopus Titan VCT plc is a venture capital trust specializing in early stage startups, early venture, mid venture, late venture and expansion investments. It invests in companies that are not listed on the main market of the London Stock Exchange. The fund seeks to invest in environmental, technology, media, telecoms, consumer lifestyle and wellbeing sectors.

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