River and Mercantile UK Micro Cap (LON:RMMC) Shares Down 1.2% – Here’s Why

Shares of River and Mercantile UK Micro Cap (LON:RMMC) fell 1.2% during mid-day trading on Thursday . The stock traded as low as GBX 174.47 ($2.15) and last traded at GBX 174.47 ($2.15). 379,817 shares changed hands during trading, an increase of 311% from the average session volume of 92,365 shares. The stock had previously closed at GBX 176.50 ($2.17).

River and Mercantile UK Micro Cap Stock Performance

The company has a market capitalization of £59.15 million and a PE ratio of -239.00. The firm has a fifty day simple moving average of GBX 177.65 and a 200-day simple moving average of GBX 178.52.

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.