Stable Road Acquisition Corp. (OTCMKTS:SRACU – Get Free Report)’s stock price shot up 10.9% during mid-day trading on Wednesday. The stock traded as high as $12.20 and last traded at $12.20. Approximately 1,800 shares changed hands during trading, a decline of 66% from the average session volume of 5,228 shares. The stock had previously closed at $11.00.
Stable Road Acquisition Stock Up 10.9%
The business’s fifty day moving average is $12.20 and its 200-day moving average is $12.20.
Stable Road Acquisition Company Profile
Stable Road Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a private company. Unlike an operating business, it did not manufacture products or provide ongoing commercial services before completing its transaction.
The company focused its search on businesses involved in disruptive technologies, with particular attention to the space and aerospace sectors. Stable Road entered into an agreement to combine with Momentus Inc, a provider of in-space transportation and related infrastructure services.
Following the completion of the business combination in 2021, Momentus became the surviving public company, and Stable Road Acquisition Corp.
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