Forafric Global PLC (NASDAQ:AFRIW – Get Free Report) shot up 4.8% during mid-day trading on Monday . The company traded as high as $1.00 and last traded at $0.9850. 19,925 shares were traded during trading, an increase of 158% from the average session volume of 7,731 shares. The stock had previously closed at $0.94.
Forafric Global Stock Down 10.1%
The company has a fifty day simple moving average of $0.75 and a two-hundred day simple moving average of $0.80.
About Forafric Global
Forafric Global Corp (NASDAQ: AFRIW) is a Delaware-incorporated special purpose acquisition company formed in 2021 with the objective of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in Africa. As a blank check company, Forafric Global does not currently conduct any operating business, instead raising capital through its initial public offering on the Nasdaq to pursue acquisition targets that leverage technological innovation to drive growth across the continent’s emerging markets.
The company’s strategy focuses on sectors including financial technology, digital infrastructure, telecommunications, renewable energy and e-commerce platforms.
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