TBC Bank Group (LON:TBCG) Trading 9.7% Higher – Here’s What Happened

TBC Bank Group PLC (LON:TBCG) shares traded up 9.7% during mid-day trading on Wednesday . The company traded as high as GBX 4,824 and last traded at GBX 4,732. 3,200,593 shares were traded during mid-day trading, an increase of 809% from the average session volume of 352,127 shares. The stock had previously closed at GBX 4,314.

TBC Bank Group Stock Performance

The stock’s fifty day moving average price is GBX 4,347.34 and its 200-day moving average price is GBX 4,192.44. The firm has a market cap of £2.61 billion, a PE ratio of 1.87, a P/E/G ratio of 0.80 and a beta of 0.63.

About TBC Bank Group

TBC Bank Group PLC (“TBC PLC”) is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank (“TBC Bank”) and a group of companies that principally operate in Georgia in the financial sector. TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country.