Mobius Investment Trust (LON:MMIT) Trading Up 1.3% – What’s Next?

Shares of Mobius Investment Trust plc (LON:MMIT) rose 1.3% during mid-day trading on Wednesday . The stock traded as high as GBX 146 and last traded at GBX 144.32. Approximately 144,453 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 234,944 shares. The stock had previously closed at GBX 142.50.

Mobius Investment Trust Trading Up 1.3%

The stock has a market capitalization of £94.80 million, a PE ratio of -39.76 and a beta of 0.74. The stock has a 50 day moving average price of GBX 140.32 and a 200-day moving average price of GBX 141.72.

Insider Activity at Mobius Investment Trust

In other news, insider Diana Dyer Bartlett acquired 21,469 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were purchased at an average cost of GBX 138 per share, for a total transaction of £29,627.22. 0.26% of the stock is owned by company insiders.

About Mobius Investment Trust

Mobius Investment Trust plc (“MMIT”) is a closed-ended investment company listed on London Stock Exchange (LSE: MMIT).

MMIT provides investors with access to a high conviction portfolio of 25-30 small to mid-cap companies, across emerging and frontier markets.

The London listed investment trust will be managed by MCP Emerging Markets LLP (“MCP”), an investment manager launched in May 2018. The Portfolio Manager is Carlos Hardenberg who has 25 years of investment experience and previously acted as the lead manager of the Templeton Emerging Markets Investment Trust (TEMIT).