Maven Income and Growth VCT 3 (LON:MIG3) Hits New 12-Month Low – Here’s What Happened

Maven Income and Growth VCT 3 PLC (LON:MIG3) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 31.20 and last traded at GBX 40, with a volume of 2605 shares. The stock had previously closed at GBX 41.

Maven Income and Growth VCT 3 Stock Down 2.4%

The stock has a market cap of £62.19 million, a price-to-earnings ratio of -210.53 and a beta of 0.13. The stock has a fifty day moving average of GBX 42.09 and a two-hundred day moving average of GBX 43.20.

Maven Income and Growth VCT 3 (LON:MIG3) last issued its earnings results on Tuesday, July 21st. The company reported GBX 0.12 earnings per share (EPS) for the quarter. Maven Income and Growth VCT 3 had a negative return on equity of 0.77% and a negative net margin of 30.02%.

About Maven Income and Growth VCT 3

Maven Income and Growth VCT 3 PLC is a venture capital trust fund specializing in development capital and early stage investments. In case of private companies, the fund prefers to invest in later stage. It does not invest in hostile public to private transactions. The fund's objective is to achieve long-term capital appreciation principally through investment in smaller unquoted companies and AIM quoted companies in the United Kingdom with strong growth potential. It invests up to £1million ($1.65 million) in any company in one year and no more than 15 percent of the company's assets by cost in one business at any time.