Close Brothers Group (OTCMKTS:CBGPF) Shares Up 16.5% – Time to Buy?

Close Brothers Group plc (OTCMKTS:CBGPFGet Free Report) shares traded up 16.5% during mid-day trading on Thursday . The stock traded as high as $7.20 and last traded at $7.20. 100 shares traded hands during trading, a decline of 97% from the average session volume of 2,900 shares. The stock had previously closed at $6.18.

Close Brothers Group Price Performance

The company’s fifty day moving average is $5.89 and its two-hundred day moving average is $5.78.

Close Brothers Group Company Profile

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Close Brothers Group plc is a UK-based merchant banking group specializing in lending, deposit taking, wealth management and securities trading. Through its Banking division, the company provides tailored finance and deposit products to small and medium-sized businesses and individuals, with a focus on asset finance, invoice finance and commercial mortgages.

The group’s Moneybroking arm offers wholesale finance and risk management services to institutional clients, while the Asset Management division delivers discretionary and advisory portfolio management to high-net-worth individuals, charities and pension funds.

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