Forafric Global PLC (NASDAQ:AFRIW – Get Free Report) shares dropped 2.6% on Tuesday. The company traded as low as $1.45 and last traded at $1.4510. 3,396 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 11,204 shares. The stock had previously closed at $1.49.
Forafric Global Stock Performance
The firm has a 50 day moving average price of $1.17 and a 200-day moving average price of $0.90.
About Forafric Global
Forafric Global PLC is a Morocco-based food-processing and distribution company focused on staple food products for consumers and commercial customers in Africa and international markets. The company processes agricultural commodities, particularly wheat and other grains, into packaged and bulk food products.
Its product portfolio includes flour, semolina, couscous, pasta and coffee, sold under brands that include Tria. Forafric supplies retail, food-service and industrial customers through a distribution network serving Morocco and other African and international markets.
The company traces its roots to Morocco and has developed its business through food manufacturing, processing and distribution operations.
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