Maven Income and Growth VCT 3 (LON:MIG3) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Maven Income and Growth VCT 3 PLC (LON:MIG3Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 43.57 and traded as high as GBX 45.40. Maven Income and Growth VCT 3 shares last traded at GBX 43.40, with a volume of 1,209 shares.

Maven Income and Growth VCT 3 Price Performance

The firm has a market capitalization of £63.15 million, a price-to-earnings ratio of 296.00 and a beta of 0.13. The stock’s 50-day moving average price is GBX 43.57 and its 200 day moving average price is GBX 43.70.

Maven Income and Growth VCT 3 Company Profile

(Get Free Report)

Maven Income and Growth VCT 3 PLC is a venture capital trust fund specializing in development capital and early stage investments. In case of private companies, the fund prefers to invest in later stage. It does not invest in hostile public to private transactions. The fund's objective is to achieve long-term capital appreciation principally through investment in smaller unquoted companies and AIM quoted companies in the United Kingdom with strong growth potential. It invests up to £1million ($1.65 million) in any company in one year and no more than 15 percent of the company's assets by cost in one business at any time.

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