River and Mercantile UK Micro Cap (LON:RMMC) Shares Cross Below 50 Day Moving Average – What’s Next?

Shares of River and Mercantile UK Micro Cap (LON:RMMC) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 170.48 ($2.20) and traded as low as GBX 164.42 ($2.12). River and Mercantile UK Micro Cap shares last traded at GBX 164.42 ($2.12), with a volume of 13,647 shares trading hands.

River and Mercantile UK Micro Cap Trading Down 2.1 %

The stock has a 50 day simple moving average of GBX 170.28 and a 200 day simple moving average of GBX 174. The stock has a market cap of £55.59 million and a P/E ratio of -224.66.

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.