Vietnam Enterprise (LON:VEIL) Hits New 52-Week High - Here's What Happened

Key Points

• Vietnam Enterprise shares reached a new 52-week high, trading at GBX 719 ($9.56), with a previous close of GBX 694 ($9.22) and a trading volume of over 2.8 million shares.
• Insider Edphawin Jetjirawat purchased 30,000 shares at an average price of GBX 610 ($8.11), reflecting insider confidence in the stock.
• The firm operates as a closed-end fund focused on Vietnam, with a market cap of £1.62 billion and a commitment to ESG principles.

Vietnam Enterprise (LON:VEIL - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 719 ($9.67) and last traded at GBX 704.75 ($9.48), with a volume of 2871632 shares. The stock had previously closed at GBX 694 ($9.33).

Vietnam Enterprise Price Performance

The company has a market cap of £1.64 billion, a PE ratio of -482.93 and a beta of 0.59. The stock has a fifty day moving average price of GBX 627.72 and a 200-day moving average price of GBX 584.23.

Insider Activity at Vietnam Enterprise

In related news, insider Edphawin (Eddy) Jetjirawat acquired 30,000 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were purchased at an average price of GBX 610 ($8.20) per share, for a total transaction of £183,000 ($246,100.05). Corporate insiders own 0.08% of the company's stock.

About Vietnam Enterprise

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.