Shares of Roth CH Acquisition I Co. (OTCMKTS:ROCHU – Get Free Report) were down 3.3% on Wednesday. The company traded as low as $3.62 and last traded at $3.85. 834 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 2,685 shares. The stock had previously closed at $3.98.
Roth CH Acquisition I Price Performance
The firm has a 50 day simple moving average of $8.78 and a 200 day simple moving average of $9.01.
About Roth CH Acquisition I
Roth CH Acquisition I was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its securities traded as units under the symbol ROCHU, with each unit generally consisting of common stock and a warrant.
The company did not conduct significant operating activities of its own. Instead, its principal business was raising capital through an initial public offering and evaluating potential merger, acquisition, or similar transactions with a privately held business.
Roth CH Acquisition I ultimately entered into a business combination with PureCycle Technologies, a company developing technology to recycle polypropylene plastic into reusable materials.
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