Mill City Ventures III (NASDAQ:MCVT) Stock Price Up 5.3% – What’s Next?

Mill City Ventures III, Ltd. (NASDAQ:MCVT)’s share price rose 5.3% on Wednesday . The company traded as high as $2.18 and last traded at $2.18. Approximately 7,697 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 12,473 shares. The stock had previously closed at $2.07.

Mill City Ventures III Stock Up 5.3 %

The business’s 50-day simple moving average is $2.42 and its two-hundred day simple moving average is $2.59. The firm has a market cap of $13.93 million, a price-to-earnings ratio of -27.25 and a beta of 0.29.

Mill City Ventures III (NASDAQ:MCVT) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share for the quarter. Mill City Ventures III had a negative net margin of 14.99% and a positive return on equity of 1.52%. The firm had revenue of $0.89 million during the quarter.

Mill City Ventures III Company Profile

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.