Molten Ventures (LON:GROW) Shares Pass Below 50 Day Moving Average – Here’s Why

Molten Ventures Plc (LON:GROW) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 302.56 ($3.91) and traded as low as GBX 279 ($3.60). Molten Ventures shares last traded at GBX 279 ($3.60), with a volume of 879,226 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 580 ($7.49) price target on shares of Molten Ventures in a research note on Wednesday, December 4th.

Molten Ventures Price Performance

The business has a 50-day moving average price of GBX 302.56 and a two-hundred day moving average price of GBX 338.60. The company has a quick ratio of 4.37, a current ratio of 197.67 and a debt-to-equity ratio of 7.15. The company has a market capitalization of £519.24 million, a price-to-earnings ratio of -15.60 and a beta of 1.25.

Insiders Place Their Bets

In related news, insider Andrew Zimmermann bought 2,211 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of GBX 314 ($4.05) per share, with a total value of £6,942.54 ($8,963.90). Also, insider Benjamin David Wilkinson purchased 16,258 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of GBX 306 ($3.95) per share, with a total value of £49,749.48 ($64,234.32). Corporate insiders own 8.56% of the company’s stock.

Molten Ventures Company Profile

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses.