MTN Group (OTCMKTS:MTNOY) Sees Large Volume Increase – Still a Buy?

MTN Group Ltd. (OTCMKTS:MTNOYGet Free Report) saw an uptick in trading volume on Thursday . 10,308 shares traded hands during mid-day trading, an increase of 80% from the previous session’s volume of 5,737 shares.The stock last traded at $10.67 and had previously closed at $10.65.

MTN Group Trading Up 0.4%

The company’s fifty day moving average price is $9.74 and its two-hundred day moving average price is $8.93.

About MTN Group

(Get Free Report)

MTN Group (OTCMKTS: MTNOY) is a multinational telecommunications company headquartered in Johannesburg, South Africa. Founded in the mid-1990s as Mobile Telephone Networks, the company has grown into one of the largest mobile network operators serving consumers, businesses and governments across Africa and the Middle East. MTN is listed on the Johannesburg Stock Exchange and also trades over‑the‑counter in the United States under the symbol MTNOY.

The company’s core activities include mobile voice and data services, fixed‑line and broadband offerings, and enterprise solutions such as cloud, connectivity and managed services.

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