Princeton Capital (OTCMKTS:PIAC) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Princeton Capital Co. (OTCMKTS:PIACGet Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.05 and traded as low as $0.0220. Princeton Capital shares last traded at $0.0220, with a volume of 300 shares traded.

Princeton Capital Stock Performance

The stock’s 50 day simple moving average is $0.05 and its two-hundred day simple moving average is $0.05.

About Princeton Capital

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Princeton Capital Corporation (OTCMKTS:PIAC) is a “blank check” company incorporated in Nevada in May 2014. The company was formed with the principal purpose of effecting a business combination, merger, capital stock exchange, asset acquisition, stock purchase or reorganization with one or more businesses or entities. As a special purpose acquisition company (SPAC), Princeton Capital has not generated any operating revenues to date.

In October 2015, Princeton Capital completed its initial public offering of 15,000,000 units at $10.00 per unit.

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