Maven Income and Growth VCT 3 (LON:MIG3) Shares Cross Above 50 Day Moving Average – What’s Next?

Maven Income and Growth VCT 3 PLC (LON:MIG3)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 43.54 and traded as high as GBX 45.40. Maven Income and Growth VCT 3 shares last traded at GBX 45.40, with a volume of 27 shares.

Maven Income and Growth VCT 3 Price Performance

The company has a market cap of £64.70 million, a price-to-earnings ratio of 302.67 and a beta of 0.13. The company’s 50-day simple moving average is GBX 43.54 and its 200-day simple moving average is GBX 43.63.

About Maven Income and Growth VCT 3

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.