Drax Group (OTCMKTS:DRXGY) Shares Down 5.4% – Time to Sell?

Shares of Drax Group plc (OTCMKTS:DRXGYGet Free Report) fell 5.4% during trading on Tuesday . The company traded as low as $14.85 and last traded at $14.85. 291 shares traded hands during trading, a decline of 60% from the average session volume of 726 shares. The stock had previously closed at $15.70.

Drax Group Stock Performance

The stock’s fifty day simple moving average is $15.65 and its 200 day simple moving average is $16.11.

Drax Group Company Profile

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Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.

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