BioPharma Credit (LON:BPCR) Shares Up 0.7% – What’s Next?

BioPharma Credit (LON:BPCR)’s stock price rose 0.7% on Monday . The stock traded as high as GBX 0.86 ($0.01) and last traded at GBX 0.86 ($0.01). Approximately 297,230 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 983,189 shares. The stock had previously closed at GBX 0.85 ($0.01).

BioPharma Credit Stock Up 0.7 %

The business’s fifty day moving average is GBX 0.86 and its 200-day moving average is GBX 0.88. The company has a market cap of £1.02 billion, a PE ratio of 9.78 and a beta of 0.22.

BioPharma Credit Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 6th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a yield of 3.4%. BioPharma Credit’s dividend payout ratio (DPR) is presently 7,957.15%.

About BioPharma Credit

BioPharma Credit PLC, an investment trust, primarily invests in interest-bearing debt assets. Its debt assets are secured by royalties or other cash flows derived from the sales of approved life sciences products. The company was incorporated in 2016 and is based in London, the United Kingdom.