Metcash Limited (OTCMKTS:MHTLY – Get Free Report)’s share price shot up 4.2% on Monday. The company traded as high as $10.88 and last traded at $10.88. Approximately 500 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 747 shares. The stock had previously closed at $10.44.
Metcash Stock Up 4.2%
The firm has a 50 day moving average price of $10.88 and a two-hundred day moving average price of $10.88.
Metcash Company Profile
Metcash Limited is an Australian wholesale distribution and marketing services company that supports independent retailers across the food, liquor and hardware sectors. Rather than operating primarily as a conventional retail chain, the company supplies products, services, technology and business support to independently owned stores and retail groups.
Through its food business, Metcash distributes groceries, fresh food and other consumer products to supermarkets and convenience retailers, including stores operating under the IGA and Foodland banners.
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