Volta Finance (LON:VTA) Trading Down 1.5% - Time to Sell?

Key Points

• Volta Finance Limited (LON:VTA) experienced a 1.5% decline in trading, with shares last trading at GBX 6.92 ($0.09), marking a significant increase in trading volume by 199% from the average session.
• Insider transactions revealed a total purchase of 3,735 shares valued at £2,577,150 by insiders over the past ninety days, indicating confidence in the company's prospects.
• The company has a market capitalization of £253.14 million and aims to provide a stable stream of income to shareholders through quarterly dividends.

Volta Finance Limited (LON:VTA - ) fell 1.5% during trading on Friday . The company traded as low as GBX 6.86 ($0.09) and last traded at GBX 6.92 ($0.09). 13,906 shares were traded during mid-day trading, an increase of 199% from the average session volume of 4,653 shares. The stock had previously closed at GBX 7.03 ($0.09).

Volta Finance Price Performance

The business has a 50 day moving average of GBX 6.90 and a 200 day moving average of GBX 6.57. The firm has a market capitalization of £253.14 million, a price-to-earnings ratio of 5.63 and a beta of 0.87.

Insiders Place Their Bets

In other news, insider Joanne Peacegood bought 855 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of GBX 690 per share, for a total transaction of £5,899.50. Also, insider Yedau Ogoundele bought 704 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of GBX 690 per share, with a total value of £4,857.60. Insiders acquired a total of 3,735 shares of company stock valued at $2,577,150 in the last ninety days. 0.41% of the stock is currently owned by insiders.

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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