Octopus Titan VCT (LON:OTV2) Stock Price Down 33.3% – Here’s What Happened

Octopus Titan VCT (LON:OTV2)’s stock price fell 33.3% during mid-day trading on Friday . The company traded as low as GBX 15 and last traded at GBX 15. 203,372 shares traded hands during mid-day trading, an increase of 396% from the average session volume of 40,993 shares. The stock had previously closed at GBX 22.50.

Octopus Titan VCT Stock Performance

The company has a 50 day moving average of GBX 21.86 and a 200 day moving average of GBX 23.90. The stock has a market capitalization of £247.16 million, a price-to-earnings ratio of -3.66 and a beta of -0.09.

About Octopus Titan VCT

Octopus Titan VCT plc is a venture capital trust specializing in early stage startups, early venture, mid venture, late venture and expansion investments. It invests in companies that are not listed on the main market of the London Stock Exchange. The fund seeks to invest in environmental, technology, media, telecoms, consumer lifestyle and wellbeing sectors. The fund invests in smaller unquoted companies based in the United Kingdom. It prefers to invest between £0.25 million ($0.35 million) and £25 million ($35.3 million) in first round of funding.