River and Mercantile UK Micro Cap (LON:RMMC) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Shares of River and Mercantile UK Micro Cap (LON:RMMCGet Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 177.48 ($2.16) and traded as low as GBX 173 ($2.10). River and Mercantile UK Micro Cap shares last traded at GBX 175.67 ($2.14), with a volume of 109,869 shares trading hands.

River and Mercantile UK Micro Cap Stock Performance

The stock has a market cap of £60.19 million and a price-to-earnings ratio of -243.22. The company has a 50-day simple moving average of GBX 177.49 and a two-hundred day simple moving average of GBX 178.18.

About River and Mercantile UK Micro Cap

(Get Free Report)

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.

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