Shares of Stable Road Acquisition Corp. (OTCMKTS:SRACU – Get Free Report) shot up 10.9% on Wednesday . The company traded as high as $12.20 and last traded at $12.20. 1,800 shares traded hands during trading, a decline of 66% from the average session volume of 5,228 shares. The stock had previously closed at $11.00.
Stable Road Acquisition Trading Up 10.9%
The business has a fifty day simple moving average of $12.20 and a two-hundred day simple moving average of $12.20.
Stable Road Acquisition Company Profile
Stable Road Acquisition Corp. (OTCMKTS:SRACU) is a special purpose acquisition company (SPAC) formed in 2020 to effect a merger, share exchange, asset acquisition or similar business combination. The company completed its initial public offering in October 2020, raising gross proceeds to pursue opportunities in the global mobility sector. As an exempted Cayman Islands company, Stable Road Acquisition operates under a blind-pool structure, seeking to identify and combine with a privately held target that can benefit from the public markets.
Stable Road Acquisition focuses on technology-enabled businesses across automotive, transportation, financing, fintech and related product lifecycle management.
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