Octopus Apollo VCT (LON:OAP3) Stock Price Down 3.2% – Should You Sell?

Octopus Apollo VCT (LON:OAP3)’s share price fell 3.2% on Wednesday . The stock traded as low as GBX 44.80 and last traded at GBX 44.80. 96 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 1,010,193 shares. The stock had previously closed at GBX 46.30.

Octopus Apollo VCT Price Performance

The stock has a market capitalization of £509.16 million, a price-to-earnings ratio of 14.45 and a beta of -0.09. The company’s 50-day simple moving average is GBX 46.53 and its 200-day simple moving average is GBX 46.60.

Insiders Place Their Bets

In other news, insider Christopher Powles purchased 20,832 shares of Octopus Apollo VCT stock in a transaction that occurred on Monday, December 22nd. The stock was acquired at an average cost of GBX 52 per share, for a total transaction of £10,832.64. Insiders own 0.08% of the company’s stock.

About Octopus Apollo VCT

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.