Collective Growth Co. (OTCMKTS:CGROU – Get Free Report)’s share price rose 7.6% during trading on Friday. The company traded as high as $11.20 and last traded at $11.20. 1,500 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 2,423 shares. The stock had previously closed at $10.41.
Collective Growth Price Performance
The company has a 50-day moving average price of $11.20 and a two-hundred day moving average price of $11.20.
About Collective Growth
Collective Growth Corporation was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than selling products or services of its own, the company raised capital through a public offering and evaluated potential acquisition targets.
At the time of its formation, Collective Growth indicated that it would focus on opportunities in the cannabis, hemp and agriculture industries, as well as related technologies and businesses.
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