Manolete Partners (LON:MANO) Trading 3.6% Higher – Still a Buy?

Manolete Partners Plc (LON:MANO) shares shot up 3.6% during mid-day trading on Monday . The stock traded as high as GBX 57 and last traded at GBX 57. 131,974 shares changed hands during trading, an increase of 100% from the average session volume of 66,092 shares. The stock had previously closed at GBX 55.

Manolete Partners Trading Up 3.6%

The company has a quick ratio of 6.25, a current ratio of 3.98 and a debt-to-equity ratio of 28.95. The firm’s 50 day simple moving average is GBX 55.22 and its 200-day simple moving average is GBX 67.84. The company has a market capitalization of £24.97 million, a PE ratio of 40.43 and a beta of 0.76.

About Manolete Partners

Manolete Partners Plc is the UK’s leading insolvency litigation financing company which was founded in 2009 by its Chief Executive, Steven Cooklin, a UK Chartered Accountant.

Manolete finances the pursuit of claims through litigation and alternative dispute resolution to produce optimal returns for the creditors of insolvent companies. The Company has invested in over 1,300 specialist UK insolvency cases and has recovered over £120m for Creditor Estates with an average case duration of just 12 months per case.