Majedie Investments (LON:MAJE) Sets New 1-Year High – Time to Buy?

Majedie Investments (LON:MAJE)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 256 ($3.23) and last traded at GBX 250 ($3.16), with a volume of 182990 shares trading hands. The stock had previously closed at GBX 239 ($3.02).

Majedie Investments Price Performance

The stock has a fifty day moving average of GBX 233.09 and a two-hundred day moving average of GBX 236.23. The stock has a market cap of £134.09 million, a price-to-earnings ratio of 825.61 and a beta of 0.87. The company has a quick ratio of 8.62, a current ratio of 0.22 and a debt-to-equity ratio of 14.44.

Majedie Investments Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were paid a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date was Thursday, November 14th. This is a boost from Majedie Investments’s previous dividend of $2.00. This represents a dividend yield of 0.92%. Majedie Investments’s dividend payout ratio is 2,580.65%.

Majedie Investments Company Profile

Majedie Investments PLC is a public fund launched and managed by Majedie Asset Management Limited. The fund invests in public equity markets across the globe. Majedie Investments PLC was formed in October 1985 and is based in London, United Kingdom.