Molten Ventures (LON:GROW) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Molten Ventures Plc (LON:GROW) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 286.41 ($3.75) and traded as low as GBX 238.40 ($3.12). Molten Ventures shares last traded at GBX 250.40 ($3.28), with a volume of 453,160 shares changing hands.

Molten Ventures Price Performance

The stock has a 50 day moving average of GBX 286.41 and a 200-day moving average of GBX 320.60. The company has a debt-to-equity ratio of 7.15, a quick ratio of 4.37 and a current ratio of 197.67. The company has a market cap of £466.01 million, a PE ratio of -14.00 and a beta of 1.25.

Insider Activity

In other Molten Ventures news, insider Andrew Zimmermann bought 2,211 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average cost of GBX 314 ($4.11) per share, for a total transaction of £6,942.54 ($9,087.09). Also, insider Benjamin David Wilkinson purchased 16,258 shares of the business’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of GBX 306 ($4.01) per share, for a total transaction of £49,749.48 ($65,117.12). Over the last three months, insiders have bought 20,208 shares of company stock valued at $6,166,556. Company insiders own 8.56% of the company’s stock.

About Molten Ventures

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses.