Majedie Investments (LON:MAJE) Sets New 52-Week High – What’s Next?

Majedie Investments (LON:MAJE)’s share price hit a new 52-week high on Thursday . The stock traded as high as GBX 286 and last traded at GBX 277.50, with a volume of 8102 shares changing hands. The stock had previously closed at GBX 276.

Majedie Investments Stock Up 0.5%

The firm has a market cap of £147.07 million, a price-to-earnings ratio of 12.28 and a beta of 0.87. The company has a 50 day moving average of GBX 268.21 and a 200 day moving average of GBX 253.05.

Majedie Investments (LON:MAJE) last issued its quarterly earnings data on Monday, December 22nd. The company reported GBX 0.70 earnings per share for the quarter. Majedie Investments had a return on equity of 18.67% and a net margin of 113.54%.

Insider Activity

In related news, insider Mark Little purchased 2,016 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were purchased at an average cost of GBX 248 per share, with a total value of £4,999.68. Company insiders own 35.11% of the company’s stock.

About Majedie Investments

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. Its focus on differentiated return sources provides a degree of risk diversification without diluting return potential.

Opportunities come from the skilled investment team and Marylebone’s global network of managers, practitioners and investors.