CIP Merchant Capital (LON:CIP) Trading 25% Higher – Should You Buy?

Shares of CIP Merchant Capital Limited (LON:CIP) were up 25% on Tuesday . The stock traded as high as GBX 60 ($0.77) and last traded at GBX 50 ($0.64). Approximately 425,493 shares traded hands during mid-day trading, an increase of 88% from the average daily volume of 226,325 shares. The stock had previously closed at GBX 40 ($0.51).

CIP Merchant Capital Price Performance

The firm’s 50 day moving average is GBX 50 and its 200 day moving average is GBX 50. The firm has a market cap of £27.50 million and a P/E ratio of 3.65.

CIP Merchant Capital Company Profile

CIP Merchant Capital Limited specializes in growth capital and intends to invest in listed equity and other financial products and instruments. It focuses on investing in oil and gas, healthcare, pharmaceutical, and real estate sectors. It seeks investments in concentrated portfolio of significant holdings in approximately 5 to 10 publically traded companies, with a focus on UK markets.