Platinum Eagle Acquisition Corp. (OTCMKTS:EAGLU – Get Free Report) shares shot up 1% on Wednesday. The company traded as high as $10.30 and last traded at $10.30. 500 shares changed hands during trading, a decline of 95% from the average session volume of 9,813 shares. The stock had previously closed at $10.20.
Platinum Eagle Acquisition Trading Up 1.0%
The company’s 50-day simple moving average is $10.30 and its 200-day simple moving average is $10.30.
Platinum Eagle Acquisition Company Profile
Platinum Eagle Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Before completing such a transaction, it did not conduct commercial operations, manufacture products, or provide services of its own.
The company completed a business combination in 2019 involving Target Logistics and related businesses, creating Target Hospitality Corp. The resulting company provides workforce accommodations, catering, transportation, and related hospitality services, primarily for customers in industries such as energy, natural resources, and government services.
Platinum Eagle Acquisition Corp.
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