Molten Ventures (LON:GROW) Trading 14.6% Higher – Here’s Why

Shares of Molten Ventures Plc (LON:GROW) rose 14.6% during mid-day trading on Friday . The company traded as high as GBX 473.20 ($6.31) and last traded at GBX 472 ($6.29). Approximately 1,867,496 shares traded hands during mid-day trading, an increase of 85% from the average daily volume of 1,011,146 shares. The stock had previously closed at GBX 411.80 ($5.49).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 580 target price on shares of Molten Ventures in a research note on Thursday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 580.

Molten Ventures Trading Up 0.8%

The business has a 50 day moving average price of GBX 378.83 and a 200-day moving average price of GBX 331.64. The company has a quick ratio of 4.37, a current ratio of 197.67 and a debt-to-equity ratio of 7.15. The firm has a market cap of £838.25 million, a price-to-earnings ratio of -1,189.60 and a beta of 1.25.

Insider Buying and Selling

In other Molten Ventures news, insider Stuart Malcolm Chapman sold 112,931 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of GBX 371, for a total transaction of £418,974.01. Also, insider Benjamin David Wilkinson acquired 7,197 shares of the stock in a transaction on Wednesday, September 17th. The shares were acquired at an average price of GBX 348 per share, with a total value of £25,045.56. In the last 90 days, insiders have acquired 14,686 shares of company stock valued at $5,110,728. 1.54% of the stock is owned by insiders.

Molten Ventures Company Profile

Molten Ventures is a leading British venture capital firm backing Europe’s highest-growth private technology companies.

Our expert investment team stay ahead of the curve, identifying transformative trends and next-generation companies before they break through. We combine multiple pools of capital to invest at all stages of the business lifecycle—from seed and early stage to growth and late stage—focusing on disruptive sectors like Spacetech, Fintech, and AI.