WAM Research (ASX:WAX) Trading 1% Higher

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WAM Research Limited (ASX:WAX) shares traded up 1% on Monday . The stock traded as high as A$1.45 ($1.03) and last traded at A$1.45 ($1.03), 117,639 shares changed hands during mid-day trading. The stock had previously closed at A$1.44 ($1.02).

The company’s 50-day moving average price is A$1.43 and its two-hundred day moving average price is A$1.38. The company has a market cap of $276.82 million and a P/E ratio of 161.11.

About WAM Research (ASX:WAX)

WAM Research Limited is a closed-ended equity mutual fund launched and managed by MAM Pty Limited. The fund invests in public equity markets of Australia. It makes its investments in companies primarily engaged in the industrial sector. The fund invests in value and growth stocks of small to medium-cap companies.

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