Stable Road Acquisition Corp. (OTCMKTS:SRACU – Get Free Report) shares shot up 10.9% during mid-day trading on Wednesday . The stock traded as high as $12.20 and last traded at $12.20. 1,800 shares traded hands during mid-day 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 Trading Up 10.9%
The stock’s fifty day moving average is $12.20 and its 200-day moving average is $12.20.
About Stable Road Acquisition
Stable Road Acquisition Corp. (OTCMKTS:SRACU) is a special purpose acquisition company (SPAC) formed in 2020 to effect a merger, share exchange, asset acquisition or similar business combination. The company completed its initial public offering in October 2020, raising gross proceeds to pursue opportunities in the global mobility sector. As an exempted Cayman Islands company, Stable Road Acquisition operates under a blind-pool structure, seeking to identify and combine with a privately held target that can benefit from the public markets.
Stable Road Acquisition focuses on technology-enabled businesses across automotive, transportation, financing, fintech and related product lifecycle management.
Featured Articles
Receive News & Ratings for Stable Road Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stable Road Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
