Blue Star Capital (LON:BLU) Trading 16.1% Higher – Here’s Why

Blue Star Capital plc (LON:BLU) shot up 16.1% on Tuesday . The company traded as high as GBX 9 ($0.11) and last traded at GBX 9 ($0.11). 111,132 shares were traded during mid-day trading, a decline of 66% from the average session volume of 327,603 shares. The stock had previously closed at GBX 7.75 ($0.10).

Blue Star Capital Stock Performance

The stock has a fifty day simple moving average of GBX 4.28 and a 200-day simple moving average of GBX 1.51. The stock has a market cap of £458.10 million, a P/E ratio of 1.90 and a beta of 1.36.

Blue Star Capital Company Profile

Blue Star Capital plc is a private equity and venture capital firm specializing in investments in seed, early stage, and late stage companies, including buy-outs. The firm provides funding for shell companies at the founder stage, upon IPO and operating businesses prior to IPO or alternative exit. It typically invests in new, disruptive technologies in the fast growing areas of esports, blockchain, and payments.