Maven Income and Growth VCT 3 (LON:MIG3) Reaches New 52-Week Low – Time to Sell?

Maven Income and Growth VCT 3 PLC (LON:MIG3)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 32.40 and last traded at GBX 43.40, with a volume of 1079 shares changing hands. The stock had previously closed at GBX 44.40.

Maven Income and Growth VCT 3 Stock Performance

The stock has a 50-day simple moving average of GBX 43.53 and a two-hundred day simple moving average of GBX 43.87. The firm has a market cap of £61.73 million, a PE ratio of 289.33 and a beta of 0.13.

Maven Income and Growth VCT 3 Company Profile

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.