New World Development Co. (OTCMKTS:NDVLY – Get Free Report) shares shot up 29.4% during trading on Friday . The company traded as high as $0.6163 and last traded at $0.6163. 382 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 7,482 shares. The stock had previously closed at $0.4763.
New World Development Price Performance
The stock’s 50 day moving average price is $0.53 and its 200-day moving average price is $0.50.
New World Development Company Profile
New World Development Company Limited is a Hong Kong–based conglomerate founded in 1970 by Dr. Cheng Yu-Tung. The company’s core business lies in property development and investment, encompassing residential, commercial and retail projects. Through its flagship developments and joint ventures, New World Development has established a reputation for large-scale mixed-use complexes, premium office towers and luxury residential communities in Greater China and beyond.
Beyond property, New World Development has diversified into infrastructure and services via its listed subsidiary, NWS Holdings.
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