Georgia Capital (LON:CGEO) Sets New 52-Week High – Here’s What Happened

Georgia Capital PLC (LON:CGEO) hit a new 52-week high on Monday . The company traded as high as GBX 2,705 and last traded at GBX 2,705, with a volume of 113604 shares. The stock had previously closed at GBX 2,610.

Georgia Capital Stock Up 3.6%

The firm has a market cap of £866.52 million, a P/E ratio of 0.63 and a beta of 1.18. The business’s 50 day moving average is GBX 2,458.45 and its two-hundred day moving average is GBX 2,209.34.

Insider Activity

In other news, insider Irakli Giluari sold 165,705 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of GBX 2,239, for a total value of £3,710,134.95. 8.83% of the stock is owned by corporate insiders.

About Georgia Capital

Georgia Capital PLC (“Georgia Capital” or “the Group” or “GCAP”– LSE: CGEO LN) is a platform for buying, building and developing businesses in Georgia with holdings in sectors that are expected to benefit from the continued growth and further diversification of the Georgian economy. The Group’s focus is typically on larger-scale investment opportunities in Georgia, which have the potential to reach at least GEL 300 million equity value over 3-5 years from the initial investment and to monetise them through exits, as investments mature.