Brambles (OTCMKTS:BMBLF) Shares Up 6.4% – Here’s What Happened

Brambles Limited (OTCMKTS:BMBLF)’s share price shot up 6.4% during mid-day trading on Wednesday . The company traded as high as $16.7140 and last traded at $16.7140. 198 shares were traded during mid-day trading, a decline of 95% from the average session volume of 3,734 shares. The stock had previously closed at $15.7090.

Brambles Trading Up 6.4%

The company’s 50-day simple moving average is $16.56 and its two-hundred day simple moving average is $16.16.

Brambles Company Profile

Brambles Limited, trading as OTCMKTS:BMBLF in the U.S. over-the-counter market, is a global provider of supply-chain logistics solutions. The company specializes in the pooling and management of reusable pallets, crates and containers under its principal brands, CHEP and IFCO. These assets are used by customers in consumer goods, fresh produce, automotive, industrial and retail sectors to streamline logistics, improve traceability and reduce waste across local and global distribution networks.

Established in the 19th century as part of the Colonial Sugar Refining Company, Brambles has evolved through demergers and strategic acquisitions to become a standalone entity listed on the Australian Securities Exchange.