Shares of Chenghe Acquisition I Co. (NASDAQ:LATG – Get Free Report) rose 40% during mid-day trading on Monday . The stock traded as high as $12.00 and last traded at $11.90. Approximately 16,389 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 53,274 shares. The stock had previously closed at $8.50.
Chenghe Acquisition I Trading Up 40.0 %
The stock has a market cap of $80.68 million, a PE ratio of -34.00 and a beta of 0.07. The company has a fifty day moving average of $11.40 and a 200-day moving average of $11.58.
About Chenghe Acquisition I
Chenghe Acquisition I Co does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus search for an initial business combination in the TMT, green energy, biotechnology, optoelectronics, and other sectors in the Asia Pacific.
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