Monument Circle Acquisition Corp. (OTCMKTS:MONCU – Get Free Report)’s stock price traded down 0.3% during mid-day trading on Friday. The stock traded as low as $10.04 and last traded at $10.05. 1,400 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 6,293 shares. The stock had previously closed at $10.08.
Monument Circle Acquisition Price Performance
The firm has a 50 day simple moving average of $10.05 and a 200-day simple moving average of $10.05.
About Monument Circle Acquisition
Monument Circle Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. The company does not conduct significant commercial operations of its own and was established primarily to raise capital through a public offering for the purpose of pursuing an acquisition, merger, or similar transaction.
As an acquisition company, Monument Circle’s activities center on evaluating potential target businesses, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for a proposed business combination.
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