Chemring Group (OTC:CMGMF) Shares Up 10.9% – Still a Buy?

Chemring Group PLC (OTC:CMGMFGet Free Report) shares shot up 10.9% during trading on Tuesday . The stock traded as high as C$5.38 and last traded at C$5.38. 1,104 shares were traded during mid-day trading, a decline of 80% from the average session volume of 5,460 shares. The stock had previously closed at C$4.85.

Chemring Group Stock Performance

The firm has a 50 day simple moving average of C$4.44 and a two-hundred day simple moving average of C$4.72.

About Chemring Group

(Get Free Report)

Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.

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