Volta Finance (LON:VTA) Hits New 1-Year High Following Insider Buying Activity

Volta Finance Limited (LON:VTA) shares reached a new 52-week high on Tuesday following insider buying activity. The stock traded as high as GBX 480 ($6.25) and last traded at GBX 5.55 ($0.07), with a volume of 428 shares traded. The stock had previously closed at GBX 5.45 ($0.07).

Specifically, insider Joanne Peacegood bought 890 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of GBX 550 ($7.16) per share, with a total value of £4,895 ($6,372.04).

Volta Finance Price Performance

The stock has a market capitalization of £1.99 million, a P/E ratio of 0.06 and a beta of 0.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 19.19 and a quick ratio of 15.15. The stock’s fifty day moving average is GBX 5.33 and its two-hundred day moving average is GBX 5.22.

Volta Finance Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, October 22nd. Investors of record on Thursday, September 26th were paid a €0.15 ($0.16) dividend. The ex-dividend date was Thursday, September 26th. This represents a yield of 2.76%. Volta Finance’s dividend payout ratio is currently 0.67%.

Volta Finance Company Profile

Volta Finance Limited is a closed-ended fixed income mutual fund launched and managed by AXA Investment Managers Paris SA The fund invests in the fixed income markets of Europe and the United States. It primarily invests in corporate credits, sovereign and quasi-sovereign debt, residential mortgage loans, CDOs, ABS, leveraged loans, automobile loans, and debt interests in infrastructure assets.