Volta Finance (LON:VTA) Hits New 1-Year High – Here’s Why

Volta Finance Limited (LON:VTA) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 5.63 ($0.07) and last traded at GBX 5.25 ($0.07), with a volume of 9669 shares. The stock had previously closed at GBX 5.45 ($0.07).

Volta Finance Stock Performance

The firm’s fifty day moving average price is GBX 5.39 and its 200-day moving average price is GBX 5.25. The firm has a market cap of £1.92 million, a price-to-earnings 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.

Volta Finance Dividend Announcement

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

Insider Buying and Selling at Volta Finance

In related news, insider Joanne Peacegood purchased 890 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of GBX 550 ($6.92) per share, for a total transaction of £4,895 ($6,162.66). 0.41% of the stock is currently owned by insiders.

About Volta Finance

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.