Cavendish Financial (LON:CAV) Stock Price Up 11.1% – Still a Buy?

Cavendish Financial plc (LON:CAV)’s share price shot up 11.1% during trading on Wednesday . The stock traded as high as GBX 10.50 ($0.14) and last traded at GBX 10 ($0.13). 1,767,976 shares changed hands during mid-day trading, an increase of 321% from the average session volume of 419,917 shares. The stock had previously closed at GBX 9 ($0.12).

Cavendish Financial Price Performance

The company has a 50-day moving average of GBX 10.69 and a two-hundred day moving average of GBX 11.78. The stock has a market capitalization of £34.57 million, a PE ratio of -909.00 and a beta of 1.23.

Insider Transactions at Cavendish Financial

In other news, insider John Farrugia sold 685,070 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of GBX 12 ($0.16), for a total transaction of £82,208.40 ($106,611.85). Insiders own 59.20% of the company’s stock.

About Cavendish Financial

Cavendish Financial plc provides various financial services to growth companies in the United Kingdom. The company offers equities research, distribution and execution, and analytics services. It provides investment banking services, such as strategic advisory and capital raising services comprising public market fund raisings, including placings, rights issues, and open offers; IPOs; sell-side or buy-side private M&A; public company M&A; debt arrangement and advice; private capital fund raisings; and general advice on strategic options, as well as acts as a corporate broker/NOMAD on a retained basis.