Roth CH Acquisition I (OTCMKTS:ROCHU) Shares Down 27.8% – Should You Sell?

Roth CH Acquisition I Co. (OTCMKTS:ROCHU)’s stock price was down 27.8% on Thursday . The company traded as low as $6.20 and last traded at $6.20. Approximately 398 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 2,685 shares. The stock had previously closed at $8.59.

Roth CH Acquisition I Price Performance

The stock has a fifty day moving average of $9.52 and a 200-day moving average of $13.89.

Roth CH Acquisition I Company Profile

Roth CH Acquisition I Co (OTCMKTS: ROCHU) is a Delaware-incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank check company, it does not conduct any operations of its own and holds its IPO proceeds in a trust account while searching for a suitable target.

The SPAC’s management team brings experience in investment banking, corporate finance and strategic advisory, leveraging industry relationships to identify and evaluate potential acquisition candidates.