Secure Property Development & Investment (LON:SPDI) Trading Up 20% – Here’s What Happened

Secure Property Development & Investment Plc (LON:SPDI) was up 20% during trading on Thursday . The company traded as high as GBX 1.50 and last traded at GBX 1.50. Approximately 132,406 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 159,792 shares. The stock had previously closed at GBX 1.25.

Secure Property Development & Investment Trading Up 20.0%

The business’s 50-day simple moving average is GBX 0.05 and its two-hundred day simple moving average is GBX 0.76. The firm has a market cap of £1.94 million, a price-to-earnings ratio of 178.54 and a beta of 0.42.

About Secure Property Development & Investment

Secure Property Development and Investment plc is an AIM listed property development and investment company focused on the South East European markets. The Company's strategy is focused on generating healthy investment returns principally derived from: the operation of income generating commercial properties and capital appreciation through investment in high yield real estate assets. The Company is focused primarily on commercial and industrial property in populous locations with blue chip tenants on long term rental contracts.