Shares of Moringa Acquisition Corp (OTCMKTS:MACAU – Get Free Report) dropped 17.5% during mid-day trading on Thursday . The company traded as low as $9.90 and last traded at $9.90. Approximately 4,700 shares traded hands during trading, an increase of 31% from the average daily volume of 3,581 shares. The stock had previously closed at $12.00.
Moringa Acquisition Stock Performance
The company’s 50 day moving average price is $9.90 and its 200 day moving average price is $10.16.
About Moringa Acquisition
Moringa Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company focuses on pursuing opportunities in technology-based businesses or industries in Israel.
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