Aberdeen Frontier Markets Investment Company Limited (AFMC.L) (LON:AFMC) Stock Passes Above Fifty Day Moving Average – Here’s Why

Aberdeen Frontier Markets Investment Company Limited (AFMC.L) (LON:AFMC) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 41.30 ($0.52) and traded as high as GBX 41.30 ($0.52). Aberdeen Frontier Markets Investment Company Limited (AFMC.L) shares last traded at GBX 41.30 ($0.52), with a volume of 0 shares changing hands.

Aberdeen Frontier Markets Investment Company Limited (AFMC.L) Trading Down 1.8 %

The company’s 50-day moving average price is GBX 41.30 and its two-hundred day moving average price is GBX 41.30. The company has a market cap of £29.70 million and a P/E ratio of -3.25.

About Aberdeen Frontier Markets Investment Company Limited (AFMC.L)

Aberdeen Frontier Markets Investment Company Ltd, formerly Advance Frontier Markets Fund Limited, is a closed-ended investment company. The Company’s objective is to generate long-term capital growth for its shareholders. The Company invests predominantly in a diversified portfolio of funds and other investment products, which derive their value from Frontier Markets.