Volta Finance (LON:VTA) Reaches New 52-Week High on Insider Buying Activity

Volta Finance Limited (LON:VTA)’s stock price reached a new 52-week high on Tuesday following insider buying activity. The company traded as high as GBX 480 ($6.25) and last traded at GBX 5.55 ($0.07), with a volume of 428 shares changing hands. The stock had previously closed at GBX 5.45 ($0.07).

Specifically, insider Joanne Peacegood purchased 890 shares of the business’s stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of GBX 550 ($7.16) per share, with a total value of £4,895 ($6,372.04).

Volta Finance Stock Performance

The company has a market cap of £1.99 million, a P/E ratio of 0.06 and a beta of 0.87. The company has a current ratio of 19.19, a quick ratio of 15.15 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of GBX 5.32 and a 200-day moving average price of GBX 5.22.

Volta Finance Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, October 22nd. Investors of record on Thursday, September 26th were paid a €0.15 ($0.16) dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a yield of 2.76%. Volta Finance’s dividend payout ratio (DPR) is currently 0.67%.

Volta Finance Company Profile

Volta Finance Limited is a closed-ended fixed income mutual fund launched and managed by AXA Investment Managers Paris SA The fund invests in the fixed income markets of Europe and the United States. It primarily invests in corporate credits, sovereign and quasi-sovereign debt, residential mortgage loans, CDOs, ABS, leveraged loans, automobile loans, and debt interests in infrastructure assets.