River and Mercantile UK Micro Cap (LON:RMMC) Share Price Passes Below 50 Day Moving Average - Here's Why

Key Points

• RMMC slipped below its 50‑day moving average, trading as low as GBX 217.60 and last at GBX 221.50 on volume of 31,991 shares, down about 3.7%.
• Fund fundamentals and objective: market cap £73.09m, P/E 4.89 and beta 0.94 with a 200‑day MA of GBX 221.89; the company seeks long‑term capital growth by investing in UK micro‑cap firms (typically free float <£100m).

River and Mercantile UK Micro Cap (LON:RMMC - )'s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 225.84 and traded as low as GBX 217.60. River and Mercantile UK Micro Cap shares last traded at GBX 221.50, with a volume of 31,991 shares trading hands.

River and Mercantile UK Micro Cap Trading Down 3.7%

The firm has a market capitalization of £73.09 million, a P/E ratio of 4.89 and a beta of 0.94. The business's 50 day simple moving average is GBX 225.84 and its two-hundred day simple moving average is GBX 221.89.

About River and Mercantile UK Micro Cap

River & Mercantile UK Micro Cap Investment is a closed-ended investment company. The Company's investment objective is to achieve long term capital growth from investment in a diversified portfolio of UK micro cap companies, typically comprising companies with a free float market capitalisation of less than £100 million at the time of purchase.

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