CIP Merchant Capital (LON:CIP) Trading 25% Higher – Here’s Why

Shares of CIP Merchant Capital Limited (LON:CIP) shot up 25% during mid-day trading on Tuesday . The company traded as high as GBX 60 ($0.78) and last traded at GBX 50 ($0.65). 425,493 shares changed hands during mid-day trading, an increase of 88% from the average session volume of 226,325 shares. The stock had previously closed at GBX 40 ($0.52).

CIP Merchant Capital Trading Up 25.0 %

The business has a 50 day moving average of GBX 50 and a 200-day moving average of GBX 50. The stock has a market cap of £27.50 million and a PE ratio of 3.65.

CIP Merchant Capital Company Profile

CIP Merchant Capital Limited specializes in growth capital and intends to invest in listed equity and other financial products and instruments. It focuses on investing in oil and gas, healthcare, pharmaceutical, and real estate sectors. It seeks investments in concentrated portfolio of significant holdings in approximately 5 to 10 publically traded companies, with a focus on UK markets.