Tern (LON:TERN) Shares Up 2%

Tern PLC (LON:TERN) shares shot up 2% during trading on Thursday . The company traded as high as GBX 12.81 ($0.17) and last traded at GBX 12.34 ($0.16), 3,169,500 shares changed hands during trading. An increase of 37% from the average session volume of 2,320,000 shares. The stock had previously closed at GBX 12.10 ($0.16).

The firm has a market cap of $31.39 million and a P/E ratio of -40.00. The stock’s 50-day simple moving average is GBX 9.50 and its 200 day simple moving average is GBX 10.38.

About Tern (LON:TERN)

Tern Plc invests in the private software companies. It primarily acquires or invests in companies operating in the Internet of Things and cloud spaces. The company was formerly known as Silvermere Energy plc and changed its name to Tern Plc in August 2013. Tern Plc was incorporated in 2004 and is based in London, the United Kingdom.

Further Reading: Float

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