Octopus Apollo VCT (LON:OAP3) Stock Price Down 3.2% – Here’s Why

Shares of Octopus Apollo VCT (LON:OAP3) were down 3.2% on Tuesday . The company traded as low as GBX 44.80 and last traded at GBX 44.80. Approximately 3,671 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 421,281 shares. The stock had previously closed at GBX 46.30.

Octopus Apollo VCT Stock Performance

The company’s 50-day simple moving average is GBX 46.81 and its 200 day simple moving average is GBX 46.78. The company has a market cap of £509.16 million, a PE ratio of 14.45 and a beta of -0.09.

Insider Buying and Selling

In related news, insider Lindsay Dodsworth bought 20,282 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost of GBX 53 per share, for a total transaction of £10,749.46. Also, insider Christopher Powles bought 20,832 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were bought at an average cost of GBX 52 per share, with a total value of £10,832.64. Insiders have acquired a total of 101,961 shares of company stock valued at $5,383,101 in the last three months. 0.08% of the stock is currently owned by insiders.

Octopus Apollo VCT Company Profile

Octopus Apollo VCT plc is a venture capital trust specializing in development and expansion investments in smaller unquoted companies. The fund invests in small and medium sized companies in the United Kingdom. It typically invests in companies with debt investment values between £1 million ($1.64 million) and £2 million ($3.29 million). The fund primarily invests in the form of a secured loan using various unquoted investment instruments, including ordinary and preference shares, loan stocks, and convertible securities.