Octopus Renewables Infrastructure Trust (LON:ORIT) Trading Up 2.6% – Time to Buy?

Octopus Renewables Infrastructure Trust plc (LON:ORITGet Free Report)’s share price was up 2.6% on Tuesday . The company traded as high as GBX 71.60 ($0.97) and last traded at GBX 71.60 ($0.97). Approximately 706,022 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 1,204,733 shares. The stock had previously closed at GBX 69.80 ($0.94).

Octopus Renewables Infrastructure Trust Trading Up 2.6%

The business’s fifty day simple moving average is GBX 72.63 and its two-hundred day simple moving average is GBX 69.14. The stock has a market capitalization of £397.59 million, a P/E ratio of 21.91 and a beta of 0.15.

About Octopus Renewables Infrastructure Trust

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Octopus Renewables Infrastructure Trust plc (“ORIT”) is an Impact Fund helping accelerate the transition to net zero. It is an investment company focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of Renewable Energy Assets across Europe, the UK and Australia.

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