Moringa Acquisition (OTCMKTS:MACAU) Trading Down 17.5% – Here’s Why

Moringa Acquisition Corp (OTCMKTS:MACAUGet Free Report)’s share price traded down 17.5% during mid-day trading on Thursday . The stock traded as low as $9.90 and last traded at $9.90. 4,700 shares were traded during trading, an increase of 31% from the average session volume of 3,581 shares. The stock had previously closed at $12.00.

Moringa Acquisition Price Performance

The business has a 50 day moving average price of $9.90 and a 200 day moving average price of $10.16.

About Moringa Acquisition

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Moringa Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company focuses on pursuing opportunities in technology-based businesses or industries in Israel.

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