Georgia Capital (LON:CGEO) Shares Up 1.1% – Still a Buy?

Shares of Georgia Capital PLC (LON:CGEO) shot up 1.1% during mid-day trading on Thursday . The stock traded as high as GBX 1,264 ($15.97) and last traded at GBX 1,254 ($15.84). 26,677 shares were traded during mid-day trading, a decline of 60% from the average session volume of 67,226 shares. The stock had previously closed at GBX 1,240 ($15.67).

Georgia Capital Price Performance

The stock has a 50-day moving average of GBX 1,195.82 and a 200-day moving average of GBX 1,094.55. The firm has a market cap of £517.73 million, a price-to-earnings ratio of 3.30 and a beta of 1.18.

Insider Activity

In other news, insider Maria Chatti-Gautier bought 3,583 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of GBX 1,171 ($14.79) per share, with a total value of £41,956.93 ($53,009.39). Corporate insiders own 18.07% of the company’s stock.

About Georgia Capital

Georgia Capital PLC (“Georgia Capital” or “the Group” or “GCAP”– LSE: CGEO LN) is a platform for buying, building and developing businesses in Georgia with holdings in sectors that are expected to benefit from the continued growth and further diversification of the Georgian economy. The Group’s focus is typically on larger-scale investment opportunities in Georgia, which have the potential to reach at least GEL 300 million equity value over 3-5 years from the initial investment and to monetise them through exits, as investments mature.