South Mountain Merger (OTCMKTS:SMMCU) Trading Up 1.3% – Should You Buy?

South Mountain Merger Corp. (OTCMKTS:SMMCU)’s stock price was up 1.3% during mid-day trading on Friday . The company traded as high as $19.69 and last traded at $19.69. Approximately 300 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 2,460 shares. The stock had previously closed at $19.44.

South Mountain Merger Trading Up 1.3%

The company has a fifty day simple moving average of $19.69 and a two-hundred day simple moving average of $19.69.

About South Mountain Merger

South Mountain Merger Corp. (OTCMKTS: SMMCU) is a special purpose acquisition company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company raised its initial capital through a public offering and holds proceeds in a trust account until it identifies a suitable target.

Focusing on industries such as technology, healthcare and consumer products, South Mountain Merger Corp.