River and Mercantile UK Micro Cap (LON:RMMC) Stock Price Passes Below 50 Day Moving Average of $181.44

Shares of River and Mercantile UK Micro Cap (LON:RMMC) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 181.44 ($2.35) and traded as low as GBX 174 ($2.25). River and Mercantile UK Micro Cap shares last traded at GBX 184.50 ($2.39), with a volume of 11,419 shares.

River and Mercantile UK Micro Cap Stock Up 1.1 %

The company has a market capitalization of £62.55 million and a P/E ratio of -252.74. The company’s 50-day simple moving average is GBX 181.44 and its 200 day simple moving average is GBX 167.77.

Insiders Place Their Bets

In other River and Mercantile UK Micro Cap news, insider John Blowers bought 8,906 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was bought at an average cost of GBX 183 ($2.37) per share, with a total value of £16,297.98 ($21,078.61). In other news, insider John Blowers acquired 8,906 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was acquired at an average cost of GBX 183 ($2.37) per share, with a total value of £16,297.98 ($21,078.61). Also, insider Serena Tremlett acquired 3,432 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were purchased at an average cost of GBX 183 ($2.37) per share, with a total value of £6,280.56 ($8,122.81). Insiders own 0.52% of the company’s stock.

About River and Mercantile UK Micro Cap

River and Mercantile UK Micro Cap Investment Company Limited is a closed-ended equity mutual fund launched by Carne Global AIFM Solutions. The fund is managed by River and Mercantile Asset Management LLP. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.