The stock of City of London Group Plc (LON:CIN) is a huge mover today! The stock increased 11.43% or GBX 0.4 on November 10, hitting GBX 3.9. City of London Group Plc (LON:CIN) has declined 53.33% since April 12, 2016 and is downtrending. It has underperformed by 58.98% the S&P500.
The move comes after 7 months negative chart setup for the GBX 1.38 million company. It was reported on Nov, 10 by Barchart.com. We have GBX 3.39 PT which if reached, will make LON:CIN worth GBX 179,400 less.
More news for City of London Group Plc (LON:CIN) were recently published by: Uk.Finance.Yahoo.com, which released: “City of London Group plc (CIN.L)” on March 29, 2014. Reuters.com‘s article titled: “BRIEF-City of London Group says John Kent to step down as CEO” and published on April 18, 2016 is yet another important article.
City of London Group plc is a closed-ended investment firm with investments in the financial services sector and a portfolio of available-for-sale investments. The company has a market cap of 1.38 million GBP. The investment objective of the Company is to achieve total returns for shareholders in excess of 8% per annum, measured on a five-year rolling basis. It currently has negative earnings. The Firm is focused on providing finance to the small and medium enterprises (SME) sector, including professional service firms.
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