Mobius Investment Trust (LON:MMIT) Trading 0.3% Higher – Here’s Why

Mobius Investment Trust plc (LON:MMIT)’s stock price shot up 0.3% on Thursday . The stock traded as high as GBX 146.50 and last traded at GBX 143.50. 413,577 shares traded hands during trading, an increase of 60% from the average session volume of 258,555 shares. The stock had previously closed at GBX 143.

Mobius Investment Trust Trading Up 0.3%

The firm’s 50 day moving average price is GBX 142.14 and its 200-day moving average price is GBX 142.25. The company has a market cap of £94.27 million, a P/E ratio of -39.53 and a beta of 0.74.

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).