Shares of South Mountain Merger Corp. (OTCMKTS:SMMCU – Get Free Report) shot up 1.3% during trading on Monday. The stock traded as high as $19.69 and last traded at $19.69. Approximately 300 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 2,460 shares. The stock had previously closed at $19.44.
South Mountain Merger Stock Up 1.3%
The company’s fifty day moving average price is $19.69 and its two-hundred day moving average price is $19.69.
About South Mountain Merger
South Mountain Merger is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its activities are focused on evaluating potential merger, acquisition, or similar transactions rather than developing or selling products and services of its own.
The company’s publicly available information provides limited detail regarding a completed transaction, operating subsidiaries, geographic markets, or specific industries of focus.
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