Vietnam Enterprise (LON:VEIL) Hits New 1-Year High - Time to Buy?

Key Points

• Vietnam Enterprise's shares reached a new 52-week high, trading at GBX 724 ($9.83), with a total volume of 415,106 shares exchanged on Thursday.
• The company has a market capitalization of £1.65 billion and a P/E ratio of -486.31, indicating volatility in its earnings performance.
• Insider Edphawin (Eddy) Jetjirawat purchased 30,000 shares at an average cost of GBX 610 ($8.28), indicating insider confidence in the stock's potential growth.

Shares of Vietnam Enterprise (LON:VEIL - ) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 724 ($9.83) and last traded at GBX 723 ($9.82), with a volume of 415106 shares changing hands. The stock had previously closed at GBX 714 ($9.70).

Vietnam Enterprise Stock Performance

The stock has a market capitalization of £1.65 billion, a P/E ratio of -486.31 and a beta of 0.59. The firm's fifty day simple moving average is GBX 639.72 and its 200 day simple moving average is GBX 587.43.

Insider Buying and Selling at Vietnam Enterprise

In related news, insider Edphawin (Eddy) Jetjirawat purchased 30,000 shares of Vietnam Enterprise stock in a transaction dated Wednesday, July 2nd. The shares were bought at an average cost of GBX 610 ($8.28) per share, for a total transaction of £183,000 ($248,506.25). Insiders own 0.08% of the company's stock.

Vietnam Enterprise Company Profile

Launched in 1995, Vietnam Enterprise Investments Limited (VEIL) was listed on the LSE in July 2016. It is the longest running closed-end fund focused on Vietnam and one of the largest which invests in listed and pre-IPO companies in Vietnam that offer attractive growth and value metrics . The fund has a strong ESG commitment driven by a close relationship with the IFC.

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