RC365 (LON:RCGH) Shares Up 22.8% – Here’s What Happened

RC365 Holding plc (LON:RCGH)’s share price shot up 22.8% during mid-day trading on Thursday . The company traded as high as GBX 3.62 and last traded at GBX 3.44. Approximately 6,338,351 shares traded hands during mid-day trading, an increase of 277% from the average daily volume of 1,683,204 shares. The stock had previously closed at GBX 2.80.

RC365 Price Performance

The company has a market cap of £7.26 million, a PE ratio of -0.40 and a beta of 0.77. The company has a fifty day moving average price of GBX 2.49 and a 200 day moving average price of GBX 1.85.

About RC365

RC365 Holding plc (LSE: RCGH) is a United Kingdom-based payment solutions and financial technology group focused on building secure, efficient and scalable financial infrastructure for individuals, SMEs, merchants and multinational corporations.

Incorporated in the UK on 24 March 2021, RC365 is the holding company of Regal Crown Technology Limited, a Hong Kong-founded fintech solutions provider established in 2013, and the parent of RCPAY Limited, the Group’s customer-facing operating brand across the UK and Europe.

The Group operates an integrated fintech ecosystem that unifies account services, card issuance, payment collection, settlement and wealth management within a single connected platform.