Siam Cement Public (OTCMKTS:SCVPY) Trading 55.6% Higher – Time to Buy?

The Siam Cement Public Company Limited (OTCMKTS:SCVPY)’s stock price rose 55.6% during mid-day trading on Friday . The stock traded as high as $7.00 and last traded at $7.00. Approximately 1,200 shares were traded during trading, a decline of 43% from the average daily volume of 2,110 shares. The stock had previously closed at $4.50.

Siam Cement Public Stock Up 55.6%

The stock’s 50 day moving average is $4.94 and its 200 day moving average is $4.90.

Siam Cement Public Company Profile

Siam Cement Public Company Limited, known as SCG, is one of Thailand’s largest industrial conglomerates with core operations in cement, building materials, chemicals and packaging. Established in 1913 by royal charter, the company has grown from its beginnings as a state‐promoted cement producer into a diversified group serving markets across Southeast Asia and beyond. Headquartered in Bangkok, SCG combines a mix of state and institutional shareholding with private investment to maintain its position as a leading regional supplier of construction and industrial products.

In its Cement‐Building Materials business, SCG manufactures and markets cement, concrete, mortar, roofing products, ceramic tiles, pipes and related construction materials under a variety of well-known brands.