Vietnam Enterprise (LON:VEIL) Sets New 12-Month High - Here's Why

Key Points

• Vietnam Enterprise shares hit a new 52-week high at GBX 747 ($10.09) during trading, reflecting strong investor interest with a volume of 147,891 shares traded.
• The company has a market capitalization of £1.70 billion and is noted for having a PE ratio of -501.84, indicating potential volatility or losses.
• Insider Edphawin (Eddy) Jetjirawat purchased 30,000 shares at an average price of GBX 610, suggesting insider confidence in the company's future performance.

Vietnam Enterprise (LON:VEIL - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as GBX 747 ($10.12) and last traded at GBX 747 ($10.12), with a volume of 147891 shares. The stock had previously closed at GBX 741 ($10.04).

Vietnam Enterprise Stock Up 0.9%

The company has a market cap of £1.29 billion, a P/E ratio of 833.33 and a beta of 0.59. The firm has a fifty day moving average price of GBX 679.50 and a 200 day moving average price of GBX 599.04.

Insider Buying and Selling

In related news, insider Edphawin (Eddy) Jetjirawat acquired 30,000 shares of the stock in a transaction on Wednesday, July 2nd. The stock was purchased at an average price of GBX 610 per share, for a total transaction of £183,000. 0.16% of the stock is currently owned by corporate insiders.

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.