Stable Road Acquisition Corp. (OTCMKTS:SRACU – Get Free Report)’s stock price rose 10.9% during mid-day trading on Wednesday. The company traded as high as $12.20 and last traded at $12.20. 1,800 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 5,228 shares. The stock had previously closed at $11.00.
Stable Road Acquisition Trading Up 10.9%
The company has a 50 day moving average of $12.20 and a 200 day moving average of $12.20.
About Stable Road Acquisition
Stable Road Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with an operating business. The company initially focused on opportunities in the cannabis industry before pursuing a business combination with Momentus Inc, a U.S.-based space transportation company.
Stable Road completed its merger with Momentus in 2021, after which the combined company operated as Momentus Inc and its shares began trading under the ticker symbol MNTS. Momentus develops in-space transportation and infrastructure services, including orbital transfer vehicles designed to carry and deploy customer payloads.
Stable Road Acquisition units traded under the symbol SRACU on the OTC Markets.
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