New World Development (OTCMKTS:NDVLY) Stock Passes Above 50 Day Moving Average – Here’s Why

New World Development Company Limited (OTCMKTS:NDVLYGet Free Report)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.33 and traded as high as $0.36. New World Development shares last traded at $0.32, with a volume of 31,170 shares trading hands.

New World Development Stock Up 6.1 %

The firm’s 50 day moving average price is $0.33 and its two-hundred day moving average price is $0.39.

New World Development Company Profile

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New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.

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