Chorus (OTCMKTS:CHRYY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Chorus Ltd. (OTCMKTS:CHRYY – Get Free Report) saw an uptick in trading volume on Monday . 5,409 shares changed hands during mid-day trading, an increase of 515% from the previous session’s volume of 880 shares.The stock last traded at $28.00 and had previously closed at $28.3850.

Chorus Price Performance

The business’s 50-day moving average is $28.48 and its two-hundred day moving average is $27.77.

Chorus Company Profile

(Get Free Report)

Chorus Limited is New Zealand’s largest provider of fixed-line telecommunications infrastructure. Established in December 2011 following a demerger from Telecom New Zealand, the company owns and operates the fibre optic and copper network that forms the backbone of the country’s broadband and voice services.

Chorus specialises in wholesale network access, delivering fibre-to-the-premises (FTTP), fibre-to-the-cabinet (FTTC) and copper-based broadband connections to retail service providers such as Spark, 2degrees and Vodafone.

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