Shares of Allied Minds PLC (OTCMKTS:ALLWF) shot up 7.7% during trading on Monday . The company traded as high as $0.42 and last traded at $0.42, 200 shares traded hands during trading. A decline of 92% from the average session volume of 2,643 shares. The stock had previously closed at $0.39.
Separately, Zacks Investment Research raised shares of Allied Minds from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a research note on Thursday, May 28th.
The business’s 50 day simple moving average is $0.43 and its 200 day simple moving average is $0.48.
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.
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