Octopus Titan VCT (LON:OTV2) Trading Up 7.7% – Here’s What Happened

Octopus Titan VCT (LON:OTV2)’s share price shot up 7.7% during mid-day trading on Thursday . The company traded as high as GBX 21 and last traded at GBX 21. 469 shares traded hands during trading, a decline of 99% from the average session volume of 66,608 shares. The stock had previously closed at GBX 19.50.

Octopus Titan VCT Stock Performance

The business’s 50 day moving average price is GBX 18.23 and its two-hundred day moving average price is GBX 19.60. The company has a market capitalization of £346.02 million, a price-to-earnings ratio of -3.82 and a beta of -0.09.

Octopus Titan VCT (LON:OTV2) last issued its quarterly earnings results on Wednesday, April 29th. The company reported GBX 0.10 earnings per share for the quarter. The company had revenue of GBX 807 million during the quarter. Octopus Titan VCT had a net margin of 333.33% and a negative return on equity of 15.55%.

About Octopus Titan VCT

Octopus Titan VCT plc is a venture capital trust specializing in early stage startups, early venture, mid venture, late venture and expansion investments. It invests in companies that are not listed on the main market of the London Stock Exchange. The fund seeks to invest in environmental, technology, media, telecoms, consumer lifestyle and wellbeing sectors. The fund invests in smaller unquoted companies based in the United Kingdom. It prefers to invest between £0.25 million ($0.35 million) and £25 million ($35.3 million) in first round of funding.