The stock of City of London Group Plc (LON:CIN) is a huge mover today! The stock decreased 2.42% or GBX 0.1 on November 15, hitting GBX 4.03. About 12,951 shares traded hands. City of London Group Plc (LON:CIN) has declined 50.00% since April 18, 2016 and is downtrending. It has underperformed by 53.93% the S&P500.
The move comes after 8 months positive chart setup for the GBX 1.57 million company. It was reported on Nov, 15 by Barchart.com. We have GBX 11.53 PT which if reached, will make LON:CIN worth GBX 2.92M more.
More recent City of London Group Plc (LON:CIN) news were published by: Uk.Finance.Yahoo.com which released: “City of London Group plc (CIN.L)” on March 29, 2014. Also Reuters.com published the news titled: “BRIEF-City of London Group says John Kent to step down as CEO” on April 18, 2016. Fool.Co.Uk‘s news article titled: “Why Shares In City of London Group Plc Plummeted” with publication date: December 24, 2013 was also an interesting one.
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 1.57 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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