Stable Road Acquisition (OTCMKTS:SRACU) Trading 10.9% Higher – Time to Buy?
by Tristan Rich · The Markets DailyStable Road Acquisition Corp. (OTCMKTS:SRACU – Get Free Report) traded up 10.9% during trading on Wednesday . The company traded as high as $12.20 and last traded at $12.20. 1,800 shares were traded 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 Stock Up 10.9%
The business’s 50 day simple moving average is $12.20 and its 200 day simple moving average is $12.20.
Stable Road Acquisition Company Profile
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.