River and Mercantile UK Micro Cap (LON:RMMC) Shares Down 0.8% – Here’s Why

River and Mercantile UK Micro Cap (LON:RMMC)’s share price dropped 0.8% on Wednesday . The stock traded as low as GBX 176 ($2.21) and last traded at GBX 176 ($2.21). Approximately 7,063 shares were traded during trading, a decline of 83% from the average daily volume of 42,080 shares. The stock had previously closed at GBX 177.50 ($2.23).

River and Mercantile UK Micro Cap Stock Performance

The stock has a market cap of £59.66 million and a P/E ratio of -241.10. The business’s 50-day moving average price is GBX 176.64 and its 200-day moving average price is GBX 179.40.

About River and Mercantile UK Micro Cap

River and Mercantile UK Micro Cap Investment Company Limited is a closed-ended equity mutual fund launched by Carne Global AIFM Solutions. The fund is managed by River and Mercantile Asset Management LLP. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.