The stock of International Biotechnology Trust Plc (LON:IBT) is a huge mover today! The stock increased 2.95% or GBX 16.25 on November 10, hitting GBX 567.5. About 85,258 shares traded hands or 28.26% up from the average. International Biotechnology Trust Plc (LON:IBT) has risen 16.20% since March 29, 2016 and is uptrending. It has outperformed by 10.55% the S&P500.
The move comes after 9 months positive chart setup for the GBX 212.71M company. It was reported on Nov, 10 by Barchart.com. We have GBX 1004.48 PT which if reached, will make LON:IBT worth GBX 163.79M more.
Another recent and important International Biotechnology Trust Plc (LON:IBT) news was published by Marketwatch.com which published an article titled: “Knowlton Capital provides update on proposed reverse take-over with Leni Gas …” on May 27, 2016.
International Biotechnology Trust plc is an investment trust company. The company has a market cap of 212.71 million GBP. The Company’s investment objective is to achieve long-term capital growth by investing in biotechnology and other life sciences companies. It currently has negative earnings. The Firm will seek to achieve its objective by investing in a diversified portfolio of companies, which may be quoted or unquoted and whose shares are considered to have growth prospects, with experienced management and strong potential upside through the development and/or commercialization of a product, device or enabling technology.
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