The stock of MERCOM CAPITAL PLC ORD 0.1P (LON:MCC) is a huge mover today! The stock increased 29.87% or GBX 2.95 on October 17, hitting GBX 12.82. About 1.55M shares traded hands or 46.23% up from the average. MERCOM CAPITAL PLC ORD 0.1P (LON:MCC) has risen 154.84% since March 16, 2016 and is uptrending. It has outperformed by 149.23% the S&P500.
The move comes after 6 months positive chart setup for the GBX company. It was reported on Oct, 17 by Barchart.com. We have GBX 17.82 PT which if reached, will make LON:MCC worth GBX more.
MCC Company Profile
Medley Capital Corporation, incorporated on April 23, 2010, is a non-diversified closed-end management investment company. The Company’s investment objective is to generate current income and capital appreciation by lending directly to privately held middle market companies, primarily through directly originated transactions to help these companies expand their business, refinance and make acquisitions. The Company’s investment portfolio consists of senior secured first lien loans and senior secured second lien loans. The Company’s investment portfolio also includes unitranche loans, senior secured notes, subordinated notes and warrants, and minority equity securities. The Firm may invest all of its assets in securities acquired directly from issuers in privately negotiated transactions.
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