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

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

TBC Bank Group Stock Performance

The company’s fifty day simple moving average is GBX 4,347.34 and its two-hundred day simple moving average is GBX 4,192.44. The stock has a market capitalization 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.