Hermes Pacific Investments (LON:HPAC) Shares Up 72.4% – Time to Buy?

Hermes Pacific Investments plc (LON:HPAC) was up 72.4% during trading on Tuesday . The company traded as high as GBX 50 ($0.64) and last traded at GBX 50 ($0.64). Approximately 100 shares traded hands during trading, a decline of 87% from the average daily volume of 749 shares. The stock had previously closed at GBX 29 ($0.37).

Hermes Pacific Investments Stock Up 72.4 %

The business’s 50-day simple moving average is GBX 48.10 and its 200 day simple moving average is GBX 52.30. The firm has a market capitalization of £1.17 million, a P/E ratio of -2,333.33 and a beta of 0.37.

About Hermes Pacific Investments

Hermes Pacific Investments Plc is a private equity firm specializing in quoted or unquoted investments made by direct acquisition of an equity interest. The firm invests in companies, partnerships, joint ventures, or it seeks direct interests in projects. It considers investing in South East Asia. The firm invests in the financial sector but is not limited to that.