River and Mercantile UK Micro Cap (LON:RMMC) Shares Up 2% – Here’s Why

River and Mercantile UK Micro Cap (LON:RMMC) shares shot up 2% during mid-day trading on Thursday . The stock traded as high as GBX 175 ($2.27) and last traded at GBX 175 ($2.27). 196,563 shares traded hands during trading, an increase of 381% from the average session volume of 40,866 shares. The stock had previously closed at GBX 171.50 ($2.23).

River and Mercantile UK Micro Cap Price Performance

The firm has a market cap of £57.97 million and a P/E ratio of -234.25. The firm has a fifty day moving average of GBX 177.19 and a 200-day moving average of GBX 175.93.

River and Mercantile UK Micro Cap Company Profile

River and Mercantile UK Micro Cap Investment Company Limited is a closed-ended equity mutual fund launched by Carne Global AIFM Solutions. The fund is managed by River and Mercantile Asset Management LLP. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.