Metcash (OTCMKTS:MHTLY) Shares Up 4.2% – What’s Next?

Metcash Limited (OTCMKTS:MHTLY) shares shot up 4.2% on Wednesday . The company traded as high as $10.88 and last traded at $10.88. 500 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 747 shares. The stock had previously closed at $10.44.

Metcash Price Performance

The business has a 50-day simple moving average of $10.88 and a two-hundred day simple moving average of $10.88.

Metcash Company Profile

Metcash Limited operates as a wholesale distribution and marketing company in Australia and New Zealand. It operates through Food, Liquor, and Hardware segments. The Food segment distributes a range of products and services to independent supermarket and convenience retail outlets. The Liquor segment engages in the distribution of liquor products to independent retail outlets and hotels.