Collective Growth Co. (OTCMKTS:CGROU – Get Free Report) shares were up 7.6% during mid-day trading on Friday. The company traded as high as $11.20 and last traded at $11.20. 1,500 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 2,423 shares. The stock had previously closed at $10.41.
Collective Growth Stock Performance
The company has a 50 day moving average price of $11.20 and a 200 day moving average price of $11.20.
Collective Growth Company Profile
Collective Growth Corporation was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than selling products or services of its own, the company raised capital through a public offering and evaluated potential acquisition targets.
At the time of its formation, Collective Growth indicated that it would focus on opportunities in the cannabis, hemp and agriculture industries, as well as related technologies and businesses.
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