Seraphim Space Investment Trust (LON:SSIT) Trading Up 8.6% – What’s Next?

Seraphim Space Investment Trust (LON:SSIT)’s share price rose 8.6% during trading on Tuesday . The stock traded as high as GBX 235.48 and last traded at GBX 204. Approximately 29,046,904 shares changed hands during mid-day trading, an increase of 914% from the average daily volume of 2,865,441 shares. The stock had previously closed at GBX 187.80.

Seraphim Space Investment Trust Stock Performance

The business’s 50 day moving average price is GBX 208.91 and its 200-day moving average price is GBX 153.50. The firm has a market capitalization of £483.89 million, a PE ratio of 4.94 and a beta of 2.28.

Insider Buying and Selling

In other news, insider Will Whitehorn acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of GBX 100 per share, for a total transaction of £10,000. Insiders acquired 23,000 shares of company stock worth $2,946,000 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Seraphim Space Investment Trust Company Profile

The world’s first listed Space Tech fund. Sustainability, connectivity and digitalisation are global scale challenges. Our portfolio companies reflect our commitment to the planet. Seraphim Space Investment Trust will target early and growth stage Space Tech companies that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.