Megaworld (OTCMKTS:MGAWY) Stock Price Up 2.4% – Still a Buy?

Megaworld Co. (OTCMKTS:MGAWYGet Free Report)’s share price shot up 2.4% during trading on Tuesday . The company traded as high as $6.91 and last traded at $6.91. 145 shares were traded during mid-day trading, a decline of 93% from the average session volume of 1,992 shares. The stock had previously closed at $6.75.

Megaworld Trading Up 2.4%

The business has a fifty day moving average price of $6.48 and a 200-day moving average price of $6.88.

Megaworld Company Profile

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Megaworld Corporation (OTCMKTS: MGAWY) is a Philippines‐based real estate development company that designs, constructs, markets and manages mixed‐use communities. The company’s portfolio spans office buildings, residential condominiums, retail centers, hotels and resorts, with an emphasis on integrated “live‐work‐play” townships. Megaworld’s developments often combine residential units with commercial and leisure components, catering to both urban and emerging provincial markets across Luzon, Visayas and Mindanao.

Founded in 1989, Megaworld pioneered the concept of large‐scale township developments in the Philippines.

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