Siam Cement Public (OTCMKTS:SCVPY) Stock Price Up 55.6% – Here’s What Happened

Shares of The Siam Cement Public Company Limited (OTCMKTS:SCVPY) shot up 55.6% during mid-day trading on Friday . The stock traded as high as $7.00 and last traded at $7.00. 1,200 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 2,110 shares. The stock had previously closed at $4.50.

Siam Cement Public Trading Up 55.6%

The company has a 50 day moving average of $4.94 and a 200-day moving average of $4.90.

About Siam Cement Public

Siam Cement Public Company Limited, known as SCG, is one of Thailand’s largest industrial conglomerates with core operations in cement, building materials, chemicals and packaging. Established in 1913 by royal charter, the company has grown from its beginnings as a state‐promoted cement producer into a diversified group serving markets across Southeast Asia and beyond. Headquartered in Bangkok, SCG combines a mix of state and institutional shareholding with private investment to maintain its position as a leading regional supplier of construction and industrial products.

In its Cement‐Building Materials business, SCG manufactures and markets cement, concrete, mortar, roofing products, ceramic tiles, pipes and related construction materials under a variety of well-known brands.