ProVen VCT (LON:PVN) Trading 2.6% Higher – Here’s Why

Shares of ProVen VCT (LON:PVN) traded up 2.6% on Tuesday . The company traded as high as GBX 60 and last traded at GBX 60. 1,983 shares traded hands during trading, a decline of 100% from the average session volume of 617,488 shares. The stock had previously closed at GBX 58.50.

ProVen VCT Stock Performance

The company has a 50 day simple moving average of GBX 59.16 and a two-hundred day simple moving average of GBX 58.67. The firm has a market cap of £172.94 million, a PE ratio of 20.69 and a beta of 0.02.

ProVen VCT (LON:PVN) last posted its quarterly earnings results on Tuesday, January 6th. The company reported GBX 0.20 EPS for the quarter. ProVen VCT had a net margin of 67.04% and a return on equity of 5.22%.

ProVen VCT Company Profile

ProVen VCT plc is a venture capital trust specializing in emerging growth stage investment,expansion and management buyouts. The fund invests in small and medium sized smaller companies. It does not invest in startups. It seeks to invest in non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt related securities in growth companies and non-qualifying venture capital investments. It invests in unquoted and AIM-listed companies and SMEs based in United Kingdom.