Shares of Cogeco Inc. (OTCMKTS:CGECF) shot up 36.6% during trading on Thursday . The stock traded as high as $70.77 and last traded at $70.36, 1,000 shares traded hands during mid-day trading. An increase of 25% from the average session volume of 800 shares. The stock had previously closed at $51.49.
The company’s fifty day simple moving average is $51.46.
About Cogeco (OTCMKTS:CGECF)
Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in the United States, Canada, Europe, and internationally. The company operates in two segments, Communications and Other. It provides Internet, video, and telephony services; and information technology services, including colocation, network connectivity, hosting, cloud, and a portfolio of managed services.
Further Reading: Stochastic Momentum Index (SMI)
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