Maven Income and Growth VCT 3 (LON:MIG3) Hits New 1-Year Low – Here’s Why

Maven Income and Growth VCT 3 PLC (LON:MIG3) shares reached a new 52-week low on Friday. The company traded as low as GBX 31.20 and last traded at GBX 40, with a volume of 11,311 shares traded. The stock had previously closed at GBX 41.

Maven Income and Growth VCT 3 Stock Performance

The firm has a market cap of £62.39 million, a price-to-earnings ratio of -210.53 and a beta of 0.13. The business has a 50 day simple moving average of GBX 40.58 and a 200-day simple moving average of GBX 42.54.

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.