Transurban Group (OTCMKTS:TRAUF) Trading 5.2% Higher – Still a Buy?

Transurban Group (OTCMKTS:TRAUF)’s share price was up 5.2% during trading on Friday . The stock traded as high as $10.27 and last traded at $10.27. Approximately 16,962 shares traded hands during mid-day trading, an increase of 420% from the average daily volume of 3,265 shares. The stock had previously closed at $9.76.

Transurban Group Price Performance

The company has a 50-day simple moving average of $9.92 and a 200 day simple moving average of $9.73.

About Transurban Group

Transurban Group is an Australian-based toll road developer and operator specializing in the financing, development, management and maintenance of urban tolling infrastructure. Headquartered in Melbourne, the company leverages public–private partnership models to design and deliver highway networks that aim to improve traffic flow, reduce congestion and enhance safety across metropolitan regions.

Since its establishment in the mid-1990s and subsequent listing on the Australian Securities Exchange, Transurban has grown from its original CityLink project in Melbourne to a diversified portfolio of assets.