Fletcher Building (OTCMKTS:FRCEF) Stock Price Up 20% – Here’s Why

Fletcher Building Limited (OTCMKTS:FRCEF – Get Free Report) rose 20% during mid-day trading on Thursday . The stock traded as high as $2.10 and last traded at $2.10. Approximately 10,002 shares traded hands during trading, an increase of 700% from the average daily volume of 1,250 shares. The stock had previously closed at $1.75.

Fletcher Building Stock Performance

The stock’s fifty day simple moving average is $1.65 and its 200 day simple moving average is $1.82.

About Fletcher Building

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Fletcher Building Limited (OTCMKTS:FRCEF) is a leading integrated building materials and construction company headquartered in Auckland, New Zealand. The company operates through a diversified portfolio that spans manufacturing, distribution, construction and infrastructure services, serving residential, commercial and industrial markets across Australasia and the Pacific Islands.

In its building products division, Fletcher Building produces gypsum plasterboard, fibre cement, roofing, insulation and aluminium joinery under well-known brands such as Laminex and Firth.

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