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Volta Finance (LON:VTA) Sets New 1-Year High - Time to Buy?

Volta Finance logo with Finance background

Key Points

  • Volta Finance's stock reached a new 52-week high, trading at GBX 614.50 ($8.34), although it closed at GBX 6.90 ($0.09).
  • Insider activity has been notable, with two insiders, Stephen Le Page and Yedau Ogoundele, each acquiring 704 shares priced at GBX 690 ($9.37) on August 1st.
  • The company's market capitalization stands at £252.41 million, with a price-to-earnings ratio of 5.61, indicating potential investment attractiveness.
  • Five stocks we like better than Volta Finance.

Volta Finance Limited (LON:VTA - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as GBX 614.50 ($8.29) and last traded at GBX 6.90 ($0.09), with a volume of 4514 shares traded. The stock had previously closed at GBX 6.95 ($0.09).

Volta Finance Stock Up 0.6%

The business's 50-day simple moving average is GBX 6.75 and its two-hundred day simple moving average is GBX 6.46. The firm has a market cap of £256.80 million, a price-to-earnings ratio of 5.71 and a beta of 0.87.

Insider Activity

In related news, insider Stephen Le Page purchased 704 shares of Volta Finance stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of GBX 690 per share, for a total transaction of £4,857.60. Also, insider Dagmar Kent Kershaw purchased 1,005 shares of Volta Finance stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of GBX 690 per share, with a total value of £6,934.50. Over the last 90 days, insiders have acquired 3,735 shares of company stock worth $2,577,150. Company insiders own 0.41% of the company's stock.

About Volta Finance

(Get Free Report)

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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