Rural Funds Group (OTCMKTS:RFNDF) Trading Up 0.3% – Still a Buy?

Shares of Rural Funds Group (OTCMKTS:RFNDF – Get Free Report) shot up 0.3% during mid-day trading on Wednesday . The company traded as high as $1.4750 and last traded at $1.4750. Approximately 1,300 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 1,089 shares. The stock had previously closed at $1.47.

Rural Funds Group Trading Up 0.3%

The business’s fifty day simple moving average is $1.42 and its 200 day simple moving average is $1.42.

Rural Funds Group Company Profile

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Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. RFF owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. RFF targets distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties. RFF is a stapled security, incorporating Rural Funds Trust (ARSN 112 951 578) and RF Active (ARSN 168 740 805).

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