River and Mercantile UK Micro Cap (LON:RMMC) Stock Passes Below 50-Day Moving Average – What’s Next?

Shares of River and Mercantile UK Micro Cap (LON:RMMC) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 238.58 and traded as low as GBX 206. River and Mercantile UK Micro Cap shares last traded at GBX 206, with a volume of 275,840 shares traded.

River and Mercantile UK Micro Cap Price Performance

The firm has a market capitalization of £71.53 million, a PE ratio of 4.73 and a beta of 0.88. The business’s 50 day moving average is GBX 238.58 and its two-hundred day moving average is GBX 219.87.

River and Mercantile UK Micro Cap Company Profile

River & Mercantile UK Micro Cap Investment is a closed-ended investment company. The Company’s investment objective is to achieve long term capital growth from investment in a diversified portfolio of UK micro cap companies, typically comprising companies with a free float market capitalisation of less than £100 million at the time of purchase.