Seaport Global Acquisition Corp. (OTCMKTS:SGAMU – Get Free Report) was down 27.9% during mid-day trading on Thursday. The company traded as low as $10.45 and last traded at $10.45. 7,500 shares traded hands during trading, a decline of 28% from the average daily volume of 10,424 shares. The stock had previously closed at $14.50.
Seaport Global Acquisition Price Performance
The business has a fifty day moving average of $10.45 and a 200 day moving average of $10.45.
About Seaport Global Acquisition
Seaport Global Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating companies.
Unlike an operating company, Seaport Global Acquisition did not initially provide products or services to customers. Its activities centered on raising capital through securities offerings and evaluating potential acquisition targets.
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