Shares of Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) shot up 0.6% during trading on Thursday. The company traded as high as GBX 16.60 and last traded at GBX 16.60. 9,020 shares changed hands during trading, a decline of 90% from the average daily volume of 92,176 shares. The stock had previously closed at GBX 16.50.
Ground Rents Income Fund Stock Up 0.6%
The stock has a market capitalization of £15.88 million, a PE ratio of -0.80 and a beta of 0.75. The business’s 50-day moving average is GBX 16.65 and its two-hundred day moving average is GBX 17.07.
Ground Rents Income Fund Company Profile
The Company has been established to provide secure long-term performance through investment in long dated UK ground rents, which have historically had little correlation to traditional property asset classes and have seen their value remain consistent regardless of the underlying state of the economy. The Company will give investors the opportunity to invest, through the Company, in a portfolio of ground rents. The Company will seek to acquire a portfolio of assets with the potential for income generation from the collection of ground rents.
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