Volta Finance (LON:VTA) Reaches New 1-Year High - Should You Buy?

Key Points

• Volta Finance Limited reached a new 52-week high of GBX 620 ($8.27) during trading, despite last trading at GBX 6.70 ($0.09) with a market capitalization of £245.20 million.
• The company's P/E ratio stands at 5.45 and insiders recently purchased 3,735 shares valued at approximately $2.58 million signaling confidence in the company.
• Volta aims to provide stable returns through quarterly dividends while preserving capital across the credit cycle.

Volta Finance Limited (LON:VTA - ) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 620 ($8.27) and last traded at GBX 6.70 ($0.09), with a volume of 5948 shares. The stock had previously closed at GBX 6.80 ($0.09).

Volta Finance Price Performance

The stock's fifty day moving average price is GBX 6.91 and its 200 day moving average price is GBX 6.60. The stock has a market capitalization of £245.20 million, a P/E ratio of 5.45 and a beta of 0.87.

Insider Transactions at Volta Finance

In related news, insider Yedau Ogoundele purchased 704 shares of the business's stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of GBX 690 per share, for a total transaction of £4,857.60. Also, insider Joanne Peacegood purchased 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 per share, for a total transaction of £5,899.50. In the last quarter, insiders purchased 3,735 shares of company stock valued at $2,577,150. Company insiders own 0.41% of the company's stock.

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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