River and Mercantile UK Micro Cap (LON:RMMC) Shares Down 2% – Here’s What Happened

River and Mercantile UK Micro Cap (LON:RMMC – Get Free Report) dropped 2% during mid-day trading on Friday . The company traded as low as GBX 209.75 and last traded at GBX 209.75. Approximately 82,160 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 67,636 shares. The stock had previously closed at GBX 214.

River and Mercantile UK Micro Cap Stock Performance

The business has a 50-day moving average of GBX 206.70 and a 200-day moving average of GBX 199.51. The stock has a market capitalization of £70.41 million and a price-to-earnings ratio of 7.96.

About River and Mercantile UK Micro Cap

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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.

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