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MIGO Opportunities Trust (LON:MIGO) Stock Crosses Above 50 Day Moving Average - Here's Why

MIGO Opportunities Trust logo with Financial Services background

MIGO Opportunities Trust plc (LON:MIGO - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 353.82 ($4.30) and traded as high as GBX 353.90 ($4.30). MIGO Opportunities Trust shares last traded at GBX 353.90 ($4.30), with a volume of 24,053 shares trading hands.

MIGO Opportunities Trust Stock Up 0.1 %

The company has a current ratio of 0.63, a quick ratio of 44.36 and a debt-to-equity ratio of 6.12. The firm has a market cap of £74.39 million, a P/E ratio of 983.05 and a beta of 0.51. The stock's fifty day moving average is GBX 353.82 and its two-hundred day moving average is GBX 355.01.

Insiders Place Their Bets

In related news, insider Ian Henderson acquired 2,938 shares of the stock in a transaction dated Monday, October 28th. The shares were purchased at an average price of GBX 355 ($4.32) per share, for a total transaction of £10,429.90 ($12,685.36). Corporate insiders own 17.83% of the company's stock.

About MIGO Opportunities Trust

(Get Free Report)

The Company aims to outperform Sterling Overnight Interbank Average (SONIA)* 3 month plus 2% over the longer term, principally through exploiting the pricing of closed-end funds. The Company invests in closed-end investment funds traded on the London Stock Exchange's Main Market, but has the flexibility to invest in investment funds listed or dealt on other recognised stock exchanges, in unlisted closed-end funds (including, but not limited to, funds traded on the FTSE AIM All-Share Index) and in open-ended investment funds.

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