Molten Ventures (LON:GROW) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Molten Ventures Plc (LON:GROW)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 371.87 ($4.73) and traded as low as GBX 311.35 ($3.96). Molten Ventures shares last traded at GBX 315.50 ($4.01), with a volume of 527,591 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 580 ($7.37) target price on shares of Molten Ventures in a report on Wednesday, December 4th.

Molten Ventures Price Performance

The stock has a market cap of £586.36 million, a P/E ratio of -1,506.29 and a beta of 1.25. The business has a 50 day simple moving average of GBX 350.26 and a 200-day simple moving average of GBX 371.79. The company has a debt-to-equity ratio of 7.15, a quick ratio of 4.37 and a current ratio of 6.44.

Insider Buying and Selling

In related news, insider Benjamin David Wilkinson purchased 13,007 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of GBX 309 ($3.93) per share, with a total value of £40,191.63 ($51,095.39). 8.56% of the stock is owned by insiders.

Molten Ventures Company Profile

Molten Ventures Plc, formerly known as Draper Esprit plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, start-ups, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies.