Close Brothers Group (OTCMKTS:CBGPF) Trading Up 16.5% – What’s Next?

Close Brothers Group plc (OTCMKTS:CBGPFGet Free Report) shares rose 16.5% during trading on Thursday . The stock traded as high as $7.20 and last traded at $7.20. Approximately 100 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 2,900 shares. The stock had previously closed at $6.18.

Close Brothers Group Stock Up 16.5%

The firm’s 50-day moving average price is $5.86 and its two-hundred day moving average price is $5.77.

About Close Brothers Group

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Close Brothers Group plc is a UK-based merchant banking group specializing in lending, deposit taking, wealth management and securities trading. Through its Banking division, the company provides tailored finance and deposit products to small and medium-sized businesses and individuals, with a focus on asset finance, invoice finance and commercial mortgages.

The group’s Moneybroking arm offers wholesale finance and risk management services to institutional clients, while the Asset Management division delivers discretionary and advisory portfolio management to high-net-worth individuals, charities and pension funds.

Further Reading

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