Novus Capital Co. (OTCMKTS:NOVSU – Get Free Report) shares traded up 9.3% during trading on Wednesday. The company traded as high as $35.81 and last traded at $35.75. Approximately 1,400 shares changed hands during trading, a decline of 60% from the average session volume of 3,537 shares. The stock had previously closed at $32.71.
Novus Capital Stock Up 9.3%
The firm has a 50 day moving average price of $35.75 and a 200 day moving average price of $35.75.
Novus Capital Company Profile
Novus Capital was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. As a SPAC, its primary activities were raising capital through a public offering, evaluating potential acquisition targets and completing a merger rather than providing products or services directly to customers.
Novus Capital completed its business combination with AppHarvest, an indoor-farming company focused on growing fruits and vegetables in controlled-environment facilities, in early 2021.
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