Absolute Equity Performance Fund Ltd (ASX:AEG) shot up 0.5% on Tuesday . The company traded as high as A$0.98 ($0.70) and last traded at A$0.98 ($0.70), 280,432 shares traded hands during trading. The stock had previously closed at A$0.98 ($0.69).
The business has a 50 day simple moving average of A$0.93. The company has a market capitalization of $100.11 million and a P/E ratio of -61.56.
In other Absolute Equity Performance Fund news, insider Marc Fisher purchased 32,505 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average price of A$0.96 ($0.68) per share, with a total value of A$31,042.28 ($22,015.80).
Absolute Equity Performance Fund Limited is an equity mutual fund launched and managed by Bennelong Long Short Equity Management Pty Limited. It invests in the public equity markets of Australia. The fund employs fundamental analysis and uses fundamental research to select securities and generate return.
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