South Mountain Merger (OTCMKTS:SMMCU) Shares Up 1.3% – Here’s What Happened

South Mountain Merger Corp. (OTCMKTS:SMMCU) shot up 1.3% during mid-day trading on Friday . The stock traded as high as $19.69 and last traded at $19.69. 300 shares changed hands during trading, a decline of 88% from the average session volume of 2,460 shares. The stock had previously closed at $19.44.

South Mountain Merger Stock Up 1.3%

The business’s 50 day moving average is $19.69 and its 200-day moving average is $19.69.

South Mountain Merger Company Profile

South Mountain Merger Corp. (OTCMKTS: SMMCU) is a special purpose acquisition company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company raised its initial capital through a public offering and holds proceeds in a trust account until it identifies a suitable target.

Focusing on industries such as technology, healthcare and consumer products, South Mountain Merger Corp.