What’s Next for Chelverton Growth Trust plc After Today’s Huge Decline?

 What's Next for Chelverton Growth Trust plc After Today's Huge Decline?

The stock of Chelverton Growth Trust plc (LON:CGW) is a huge mover today! The stock increased 6.92% or GBX 9 on November 7, hitting GBX 139. About 70,185 shares traded hands or 275.06% up from the average. Chelverton Growth Trust plc (LON:CGW) has risen 115.20% since April 8, 2016 and is uptrending. It has outperformed by 113.25% the S&P500.
The move comes after 8 months negative chart setup for the GBX 9.60M company. It was reported on Nov, 7 by Barchart.com. We have GBX 119.54 PT which if reached, will make LON:CGW worth GBX 1.34M less.

Chelverton Growth Trust PLC is an investment trust. The company has a market cap of 9.60 million GBP. The Company’s objective is to provide capital growth through investment in companies listed on the official list and traded on the Alternative Investment Market. It has a 22.27 P/E ratio. It invests in securities of publicly quoted United Kingdom companies, though it may invest in unquoted securities.

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