Molten Ventures (LON:GROW) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Molten Ventures Plc (LON:GROW) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 341.04 ($4.27) and traded as low as GBX 304 ($3.81). Molten Ventures shares last traded at GBX 319 ($4.00), with a volume of 95,570 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 580 ($7.27) price objective on shares of Molten Ventures in a research report on Wednesday, December 4th.

Molten Ventures Price Performance

The firm has a 50 day moving average price of GBX 341.04 and a two-hundred day moving average price of GBX 370.94. The company has a market cap of £594.89 million, a P/E ratio of -1,528.20 and a beta of 1.25. The company has a debt-to-equity ratio of 7.15, a quick ratio of 4.37 and a current ratio of 6.44.

Insider Transactions at Molten Ventures

In related news, insider Benjamin David Wilkinson purchased 13,007 shares of Molten Ventures stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of GBX 309 ($3.87) per share, for a total transaction of £40,191.63 ($50,365.45). 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.