Roth CH Acquisition I (OTCMKTS:ROCHU) Shares Up 137.3% – Still a Buy?

Roth CH Acquisition I Co. (OTCMKTS:ROCHU)’s stock price shot up 137.3% on Monday . The stock traded as high as $16.50 and last traded at $14.71. 5,772 shares were traded during trading, an increase of 115% from the average session volume of 2,685 shares. The stock had previously closed at $6.20.

Roth CH Acquisition I Stock Performance

The firm has a 50-day moving average of $6.36 and a two-hundred day moving average of $9.48.

Roth CH Acquisition I Company Profile

Roth CH Acquisition I Co (OTCMKTS: ROCHU) is a Delaware-incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank check company, it does not conduct any operations of its own and holds its IPO proceeds in a trust account while searching for a suitable target.

The SPAC’s management team brings experience in investment banking, corporate finance and strategic advisory, leveraging industry relationships to identify and evaluate potential acquisition candidates.