Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX – Get Free Report) rose 9.1% on Monday . The stock traded as high as $11.99 and last traded at $11.99. Approximately 210 shares changed hands during trading, a decline of 52% from the average daily volume of 433 shares. The stock had previously closed at $10.99.
Integrated Rail and Resources Acquisition Price Performance
The stock has a 50-day simple moving average of $10.42 and a 200-day simple moving average of $14.13.
Integrated Rail and Resources Acquisition Company Profile
Integrated Rail and Resources Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire railroad companies that transport bulk commodities; terminal companies that transload bulk commodities to and from railroads and pipelines, trucks, and ports; and companies that produce bulk commodities moved by railroads in large volumes, as well as the rail cars that are used to transport bulk commodities.
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