Volta Finance (LON:VTA) Hits New 52-Week High - Still a Buy?

Key Points

• Volta Finance Limited shares reached a new 52-week high at GBX 614.50 ($8.26) during trading, although they last traded at GBX 6.78 ($0.09).
• The company has a market capitalization of £248.02 million and a low P/E ratio of 5.52.
• Insiders have shown confidence by acquiring a total of 3,735 shares in the last ninety days, indicating a positive outlook for the company's stock performance.

Volta Finance Limited (LON:VTA - ) shares hit a new 52-week high during trading on Friday . The company traded as high as GBX 614.50 ($8.26) and last traded at GBX 6.78 ($0.09), with a volume of 4089 shares trading hands. The stock had previously closed at GBX 6.90 ($0.09).

Volta Finance Stock Performance

The company has a market capitalization of £248.02 million, a P/E ratio of 5.52 and a beta of 0.87. The stock's fifty day moving average price is GBX 6.69 and its 200-day moving average price is GBX 6.41.

Insider Buying and Selling at Volta Finance

In related news, insider Joanne Peacegood bought 855 shares of the business's stock in a transaction dated Friday, August 1st. The stock was bought at an average price of GBX 690 ($9.28) per share, for a total transaction of £5,899.50 ($7,933.70). Also, insider Simon Holden acquired 467 shares of the business's stock in a transaction on Friday, August 1st. The shares were bought at an average price of GBX 690 ($9.28) per share, with a total value of £3,222.30 ($4,333.38). Over the last ninety days, insiders have acquired 3,735 shares of company stock worth $2,577,150. 0.41% of the stock is currently owned by corporate 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.

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