Molten Ventures (LON:GROW) Share Price Passes Below 50-Day Moving Average – Here’s Why

Molten Ventures Plc (LON:GROW) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 302.56 ($3.91) and traded as low as GBX 279 ($3.60). Molten Ventures shares last traded at GBX 279 ($3.60), with a volume of 879,226 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 580 ($7.49) target price on shares of Molten Ventures in a research report on Wednesday, December 4th.

Molten Ventures Price Performance

The firm has a 50 day moving average price of GBX 302.56 and a 200 day moving average price of GBX 339.09. The stock has a market capitalization of £519.24 million, a PE ratio of -15.60 and a beta of 1.25. The company has a current ratio of 197.67, a quick ratio of 4.37 and a debt-to-equity ratio of 7.15.

Insiders Place Their Bets

In other news, insider Benjamin David Wilkinson acquired 16,258 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of GBX 306 ($3.95) per share, for a total transaction of £49,749.48 ($64,234.32). Also, insider Andrew Zimmermann bought 2,211 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of GBX 314 ($4.05) per share, with a total value of £6,942.54 ($8,963.90). Company insiders own 8.56% of the company’s stock.

Molten Ventures Company Profile

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses.