Volta Finance (LON:VTA) Sets New 1-Year High - Here's Why

Key Points

• Volta Finance Limited's shares reached a new 52-week high of GBX 7.14 ($0.10) on the stock market, marking a notable increase from the previous close of GBX 6.95 ($0.09).
• The company has a market capitalization of £261.19 million and a price-to-earnings ratio of 5.81, indicating favorable valuation metrics.
• Insider purchases totaled 3,735 shares valued at approximately $2.58 million over the last ninety days, suggesting confidence from company insiders in the firm’s future prospects.

Volta Finance Limited (LON:VTA - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as GBX 7.14 ($0.10) and last traded at GBX 7.14 ($0.10), with a volume of 2083 shares traded. The stock had previously closed at GBX 6.95 ($0.09).

Volta Finance Stock Up 2.7%

The business has a 50-day moving average price of GBX 6.88 and a two-hundred day moving average price of GBX 6.55. The company has a market capitalization of £261.19 million, a price-to-earnings ratio of 5.81 and a beta of 0.87.

Insider Activity

In other Volta Finance news, insider Stephen Le Page bought 704 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of GBX 690 per share, for a total transaction of £4,857.60. Also, insider Joanne Peacegood purchased 855 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of GBX 690 per share, with a total value of £5,899.50. In the last 90 days, insiders have acquired 3,735 shares of company stock valued at $2,577,150. 0.41% of the stock is currently owned by insiders.

About Volta Finance

Volta Finance Limited (the “Company” or “Volta”) is a closed-ended limited liability company registered in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) with registered number 45747. Volta's investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.