Pantheon Infrastructure (LON:PINT) Trading Up 1.5% - Here's Why

Key Points

• Pantheon Infrastructure shares increased by 1.5% to GBX 104 ($1.40) during Thursday's trading, with a total of approximately 793,608 shares traded, which is a 6% decline from its average daily volume.
• The company has a market capitalization of £487.37 million and boasts a high PE ratio of 676.64, indicating a premium valuation.
• Insider activity has been noted, with two insiders acquiring shares at prices around GBX 100 to 101, indicating confidence in the company's prospects.

Pantheon Infrastructure (LON:PINT - Get Free Report)'s stock price was up 1.5% during mid-day trading on Thursday . The company traded as high as GBX 104 ($1.41) and last traded at GBX 104 ($1.41). Approximately 793,608 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 847,115 shares. The stock had previously closed at GBX 102.50 ($1.39).

Pantheon Infrastructure Stock Performance

The stock has a market cap of £487.37 million, a P/E ratio of 676.64 and a beta of 0.10. The business has a 50 day simple moving average of GBX 103.07 and a 200-day simple moving average of GBX 99.69.

Insiders Place Their Bets

In other news, insider Anthony Bickerstaff purchased 50,000 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was bought at an average price of GBX 101 per share, for a total transaction of £50,500. Also, insider Sapna Shah purchased 49,255 shares of the business's stock in a transaction dated Monday, July 21st. The shares were purchased at an average price of GBX 100 per share, with a total value of £49,255. 0.09% of the stock is owned by corporate insiders.

Pantheon Infrastructure Company Profile

Pantheon Infrastructure Plc aims to provide exposure to a global, diversified portfolio of high-quality, infrastructure assets. We will seek to build a portfolio of co-investments in infrastructure assets with strong defensive characteristics, typically benefitting from contracted cash flows, inflation protection and conservative leverage profiles. Target assets will have strong environmental, social and governance (ESG) credentials, including companies and projects that can support the transition to a low-carbon economy, and the portfolio will span the digital infrastructure, power and utilities, transportation and logistics, renewables and social investments sub-sectors, with a focus on assets benefitting from secular tailwinds.