Majedie Investments (LON:MAJE) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Majedie Investments (LON:MAJE) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 247.81 and traded as low as GBX 242. Majedie Investments shares last traded at GBX 250, with a volume of 27,967 shares traded.

Majedie Investments Price Performance

The stock has a market cap of £132.50 million, a P/E ratio of 30.49 and a beta of 0.87. The stock’s fifty day simple moving average is GBX 247.26 and its 200-day simple moving average is GBX 247.81.

Insiders Place Their Bets

In other Majedie Investments news, insider Richard W. Killingbeck bought 10,000 shares of the stock in a transaction on Thursday, October 23rd. The shares were purchased at an average cost of GBX 245 per share, with a total value of £24,500. Also, insider Christopher Getley bought 4,130 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were bought at an average price of GBX 242 per share, for a total transaction of £9,994.60. Corporate insiders own 35.21% of the company’s stock.

Majedie Investments Company Profile

Majedie Investments PLC is an investment trust founded in 1910 and managed by Marylebone Partners LLP.

Marylebone Partners combines investments from three complementary strategies sourced from around the globe into a single portfolio comprising hard-to-access special investments, external niche manager allocations and investments in publicly-listed companies.