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Volta Finance (LON:VTA) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Volta Finance logo with Finance background

Key Points

  • Volta Finance's share price has recently surpassed its 200-day moving average, trading at GBX 6.84 ($0.09), which raises discussions about potential selling strategies.
  • Insiders have shown confidence in Volta Finance by purchasing shares, with total insider purchases of 3,735 shares worth $2,577,150 in the last ninety days.
  • The company has a market capitalization of £250.21 million and aims to provide a stable income stream to shareholders through quarterly dividends.
  • MarketBeat previews the top five stocks to own by October 1st.

Volta Finance Limited (LON:VTA - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 6.46 ($0.09) and traded as high as GBX 6.95 ($0.09). Volta Finance shares last traded at GBX 6.84 ($0.09), with a volume of 11,084 shares trading hands.

Volta Finance Price Performance

The firm has a market capitalization of £253.14 million, a PE ratio of 5.63 and a beta of 0.87. The business's 50 day moving average is GBX 6.79 and its two-hundred day moving average is GBX 6.48.

Insiders Place Their Bets

In related news, insider Stephen Le Page purchased 704 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of GBX 690 per share, for a total transaction of £4,857.60. Also, insider Dagmar Kent Kershaw bought 1,005 shares of the company's stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of GBX 690 per share, for a total transaction of £6,934.50. Insiders have purchased a total of 3,735 shares of company stock valued at $2,577,150 over the last quarter. 0.41% of the stock is owned by company insiders.

Volta Finance Company Profile

(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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