Volta Finance (LON:VTA) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

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.

Volta Finance Limited (LON:VTA - )'s share price 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 Stock Performance

The business's 50 day moving average price is GBX 6.76 and its 200-day moving average price is GBX 6.46. The firm has a market capitalization of £250.21 million, a PE ratio of 5.56 and a beta of 0.87.

Insiders Place Their Bets

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

Volta Finance Company Profile

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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