Allied Minds (LON:ALM) Share Price Passes Above 50 Day Moving Average – Here’s Why

Allied Minds plc (LON:ALM)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 13.85 ($0.17) and traded as high as GBX 13.85 ($0.17). Allied Minds shares last traded at GBX 13.85 ($0.17), with a volume of 1,919,131 shares traded.

Allied Minds Stock Performance

The firm’s 50 day moving average is GBX 13.85 and its 200 day moving average is GBX 13.85. The company has a debt-to-equity ratio of 21.86, a quick ratio of 1.12 and a current ratio of 1.16. The stock has a market cap of £33.54 million and a P/E ratio of -2.66.

Allied Minds Company Profile

Allied Minds plc is a private equity and venture capital firm specializing in pre-seed, seed, start-up, and early stage technology investments. The firm prefers to invest across all products, services, and industries with a focus on the life science and technology sector including medical devices, diagnostics, biopharmaceuticals, big data, cyber security, communications, semiconductors, and food safety.