FRMO (OTCMKTS:FRMO) Shares Down 0.1% – Here’s Why

FRMO Co. (OTCMKTS:FRMO) fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $7.26 and last traded at $7.34. 25,965 shares changed hands during mid-day trading, an increase of 146% from the average session volume of 10,545 shares. The stock had previously closed at $7.35.

FRMO Trading Down 0.1%

The stock’s fifty day moving average price is $7.97 and its 200 day moving average price is $8.47.

About FRMO

FRMO Corporation (OTCMKTS:FRMO) is a diversified holding company based in Bloomfield Hills, Michigan. The company seeks long-term capital appreciation by acquiring, incubating and supporting a range of businesses and investments across public equities, private ventures, commercial real estate and special situations. With a flexible investment mandate, FRMO allocates capital to sectors and asset classes it considers undervalued or poised for future growth.

Through its wholly owned subsidiaries and strategic partnerships, FRMO’s portfolio spans multiple industries, including software and technology services, digital media, consumer products and real estate development.