China Overseas Land & Investment (OTCMKTS:CAOVY) Shares Gap Down – Here’s What Happened

China Overseas Land & Investment Limited (OTCMKTS:CAOVY – Get Free Report)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $8.42, but opened at $7.99. China Overseas Land & Investment shares last traded at $7.99, with a volume of 1,942 shares traded.

China Overseas Land & Investment Stock Performance

The stock’s 50 day simple moving average is $8.48 and its two-hundred day simple moving average is $8.64.

About China Overseas Land & Investment

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China Overseas Land & Investment Limited is a property development and investment company headquartered in Hong Kong. The company is a subsidiary of China State Construction Engineering Corporation and focuses primarily on developing residential, commercial and mixed-use real estate.

Its activities include land acquisition, property development, sales and leasing, as well as the investment and operation of commercial properties such as offices, shopping centers and other income-producing assets.

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