Maven Income and Growth VCT 3 (LON:MIG3) Reaches New 12-Month Low – Here’s Why

Maven Income and Growth VCT 3 PLC (LON:MIG3)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 32.40 and last traded at GBX 42, with a volume of 0 shares. The stock had previously closed at GBX 43.

Maven Income and Growth VCT 3 Price Performance

The stock has a market capitalization of £57.65 million, a P/E ratio of 280.00 and a beta of 0.13. The company’s 50 day simple moving average is GBX 43.84 and its two-hundred day simple moving average is GBX 44.23.

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.