Patria Private Equity Trust (LON:PPET) Trading Up 0.7% – Here’s What Happened

Patria Private Equity Trust (LON:PPET)’s share price shot up 0.7% during trading on Thursday . The company traded as high as GBX 604 and last traded at GBX 604. 17,939 shares traded hands during trading, a decline of 93% from the average daily volume of 275,590 shares. The stock had previously closed at GBX 600.

Patria Private Equity Trust Trading Down 1.0%

The firm has a 50-day moving average of GBX 607.69 and a two-hundred day moving average of GBX 601.27. The firm has a market capitalization of £873.78 million and a P/E ratio of 7.40.

Patria Private Equity Trust (LON:PPET) last released its earnings results on Monday, June 29th. The company reported GBX 1.95 earnings per share (EPS) for the quarter.

Patria Private Equity Trust Company Profile

Patria Private Equity Trust plc (LON:PPET) is a closed-ended investment company listed on the London Stock Exchange that provides investors with access to private equity opportunities in Latin America. The trust is managed by Patria, a specialist alternative asset manager with a focus on the region, and it is structured to give public-market investors exposure to privately negotiated equity investments that are typically difficult to access through traditional listed equities.

The trust’s principal activities involve making and managing a diversified portfolio of private equity investments, including primary fund commitments, co-investments alongside sponsor-led funds, secondary purchases and direct equity stakes in companies.