New World Development Co. (OTCMKTS:NDVLY – Get Free Report)’s share price shot up 8.3% during mid-day trading on Thursday . The stock traded as high as $0.4130 and last traded at $0.4130. 131 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 11,620 shares. The stock had previously closed at $0.3814.
New World Development Price Performance
The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.89 and a current ratio of 4.89. The business’s 50-day moving average is $0.43 and its 200-day moving average is $0.40.
About New World Development
New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.
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