ProVen VCT (LON:PVN) Stock Passes Above Fifty Day Moving Average – Here’s Why

ProVen VCT (LON:PVN)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 56.41 and traded as high as GBX 57.50. ProVen VCT shares last traded at GBX 56, with a volume of 2,500 shares traded.

ProVen VCT Trading Down 2.6%

The company has a 50 day moving average price of GBX 56.41 and a 200 day moving average price of GBX 58.03. The firm has a market cap of £169.48 million, a PE ratio of 70.00 and a beta of 0.02.

ProVen VCT (LON:PVN) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 0.20 earnings per share (EPS) for the quarter. ProVen VCT had a return on equity of 1.34% and a net margin of 115.21%.The firm had revenue of GBX 220 million during the quarter.

About ProVen VCT

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.