The stock of Maven Income and Growth VCT 2 PLC (LON:MIG2) reached all time low today, Nov, 24 and still has GBX 40.26 target or 3.00% below today’s GBX 41.50 share price. This indicates more downside for the GBX 18.19M company. This technical setup was reported by Barchart.com. If the GBX 40.26 PT is reached, the company will be worth GBX 545,700 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 6.74% or GBX 3 on November 24, hitting GBX 41.5. Maven Income and Growth VCT 2 PLC (LON:MIG2) has declined 16.04% since April 27, 2016 and is downtrending. It has underperformed by 21.45% the S&P500.
Maven Income and Growth VCT 2 PLC is a venture capital trust . The company has a market cap of 18.19 million GBP. The Company’s investment objective is to achieve long term capital appreciation and generate maintainable levels of income for shareholders. It has a 17.85 P/E ratio. The Firm invests the majority of its funds in a portfolio of shares and securities in smaller, unquoted companies of the United Kingdom and alternative investment market (AIM)/ICAP Securities and Derivatives Exchange (ISDX) quoted companies, which meet the criteria for VCT qualifying investments.
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