Tern (TERN) Shares Up 15.5%

Tern PLC (LON:TERN) shares shot up 15.5% during trading on Wednesday . The stock traded as high as GBX 8.35 ($0.11) and last traded at GBX 8.23 ($0.11). 3,508,070 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 2,320,000 shares. The stock had previously closed at GBX 7.13 ($0.09).

The firm has a market cap of $19.48 million and a PE ratio of -82.30.

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Tern Company Profile (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: Momentum Investing

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