Region Group (OTCMKTS:SCPAF) Shares Down 26% – Here’s Why

Shares of Region Group (OTCMKTS:SCPAFGet Free Report) traded down 26% on Friday . The stock traded as low as $1.48 and last traded at $1.48. 500 shares traded hands during trading, an increase of 150% from the average session volume of 200 shares. The stock had previously closed at $2.00.

Region Group Price Performance

The firm has a fifty day simple moving average of $1.99 and a two-hundred day simple moving average of $1.91.

Region Group Company Profile

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Region Group (RGN) includes two internally managed real estate investment trusts owning a portfolio of convenience-based retail properties located across Australia. Region invests in retail properties predominantly anchored by non-discretionary retailers, with long leases to tenants such as Woolworths Limited, Coles Limited and companies in the Wesfarmers Limited group.

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