Shares of Guangdong Investment Limited (OTCMKTS:GGDVY – Get Free Report) rose 3.9% during mid-day trading on Tuesday. The company traded as high as $57.02 and last traded at $57.02. Approximately 346 shares traded hands during trading, a decline of 69% from the average session volume of 1,104 shares. The stock had previously closed at $54.88.
Guangdong Investment Stock Performance
The firm’s 50 day simple moving average is $54.63 and its 200 day simple moving average is $52.19.
Guangdong Investment Company Profile
Guangdong Investment Limited is an investment holding company based in Guangdong, China. Through its subsidiaries and affiliated businesses, the company is primarily engaged in water resources, property investment and development, energy, and department store operations.
Water resources is a core business, with activities that include the supply and distribution of water and related water-management services in mainland China, particularly in Guangdong Province and other regions. The company also invests in and develops commercial, residential, and other properties, while its property investment activities generate rental income from commercial and office assets.
Guangdong Investment has also participated in energy-related projects and operates department store businesses in China.
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