Maven Income and Growth VCT 3 (LON:MIG3) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Maven Income and Growth VCT 3 PLC (LON:MIG3) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 43.64 and traded as low as GBX 43.40. Maven Income and Growth VCT 3 shares last traded at GBX 43.40, with a volume of 7,314 shares.

Maven Income and Growth VCT 3 Price Performance

The firm has a market cap of £63.27 million, a price-to-earnings ratio of 296.00 and a beta of 0.13. The business’s 50-day moving average price is GBX 43.46 and its two-hundred day moving average price is GBX 43.65.

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.