CIP Merchant Capital (LON:CIP) Shares Up 25% – Time to Buy?

CIP Merchant Capital Limited (LON:CIP)’s share price shot up 25% on Thursday . The stock traded as high as GBX 60 ($0.75) and last traded at GBX 50 ($0.63). 425,493 shares traded hands during trading, an increase of 88% from the average session volume of 226,325 shares. The stock had previously closed at GBX 40 ($0.50).

CIP Merchant Capital Stock Performance

The company has a market capitalization of £27.50 million and a P/E ratio of 3.65. The stock’s fifty day moving average price is GBX 50 and its 200-day moving average price is GBX 50.

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.