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

River and Mercantile UK Micro Cap (LON:RMMC)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 175.51 ($2.21) and traded as low as GBX 173.35 ($2.18). River and Mercantile UK Micro Cap shares last traded at GBX 176 ($2.22), with a volume of 70,405 shares changing hands.

River and Mercantile UK Micro Cap Stock Performance

The firm has a market capitalization of £59.66 million and a P/E ratio of -241.10. The stock has a 50 day moving average of GBX 175.51 and a 200-day moving average of GBX 177.51.

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.