Stable Road Acquisition Corp. (OTCMKTS:SRACU – Get Free Report) traded up 10.9% during trading on Wednesday. The company traded as high as $12.20 and last traded at $12.20. 1,800 shares traded hands during trading, a decline of 66% from the average daily volume of 5,228 shares. The stock had previously closed at $11.00.
Stable Road Acquisition Price Performance
The company’s 50 day simple moving average is $12.20 and its two-hundred day simple moving average is $12.20.
Stable Road Acquisition Company Profile
Stable Road Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a private company. Unlike an operating business, it did not manufacture products or provide ongoing commercial services before completing its transaction.
The company focused its search on businesses involved in disruptive technologies, with particular attention to the space and aerospace sectors. Stable Road entered into an agreement to combine with Momentus Inc, a provider of in-space transportation and related infrastructure services.
Following the completion of the business combination in 2021, Momentus became the surviving public company, and Stable Road Acquisition Corp.
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