Capital (LON:CAPD) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Capital Limited (LON:CAPD) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 117.01 and traded as high as GBX 125.50. Capital shares last traded at GBX 125, with a volume of 939,422 shares traded.

Analyst Ratings Changes

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 120 price target on shares of Capital in a research note on Thursday, October 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 90.

Capital Price Performance

The business has a fifty day moving average of GBX 117.01 and a two-hundred day moving average of GBX 106.61. The company has a debt-to-equity ratio of 58.81, a quick ratio of 1.36 and a current ratio of 1.98. The firm has a market capitalization of £279.94 million, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 0.64 and a beta of 0.60.

Insider Activity at Capital

In related news, insider Jamie Boyton acquired 274,626 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were purchased at an average cost of GBX 107 per share, for a total transaction of £293,849.82. 27.48% of the stock is currently owned by corporate insiders.

Capital Company Profile

Capital Limited is a leading mining services company providing a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the global minerals industry. The Company’s services include exploration, delineation and production drilling; load and haul services; maintenance; and geochemical analysis.

The Group’s corporate headquarters are in the United Kingdom and it has established operations in Côte d’Ivoire, Canada, Democratic Republic of Congo, Egypt, Gabon, Ghana, Guinea, Kenya, Mali, Mauritania, Nigeria, Pakistan, Saudi Arabia, Tanzania and United States of America.

Our brands include Capital Drilling, Capital Mining, MSALABS and Well Force International.

Capital Drilling provides a complete range of drilling solutions for projects across the mining cycle from exploration to production.

Capital Mining provides Load and Haul services for clients from development to fully operational mine sites.

MSALABS are a global provider of geochemical laboratory services for the exploration and mining industries and have an exclusive agreement with Chrysos Corporation to deploy their revolutionary PhotonAssay technology globally.