River and Mercantile UK Micro Cap (LON:RMMC) Shares Cross Below Fifty Day Moving Average – Here’s Why

River and Mercantile UK Micro Cap (LON:RMMC)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 177.48 ($2.16) and traded as low as GBX 173 ($2.10). River and Mercantile UK Micro Cap shares last traded at GBX 175.67 ($2.14), with a volume of 109,869 shares changing hands.

River and Mercantile UK Micro Cap Stock Up 0.6 %

The company has a market capitalization of £60.19 million and a P/E ratio of -243.22. The business has a fifty day moving average price of GBX 177.49 and a 200 day moving average price of GBX 178.18.

River and Mercantile UK Micro Cap Company Profile

River & Mercantile UK Micro Cap Investment is a closed-ended investment company. The Company’s investment objective is to achieve long term capital growth from investment in a diversified portfolio of UK micro cap companies, typically comprising companies with a free float market capitalisation of less than £100 million at the time of purchase.