Shares of Metcash Limited (OTCMKTS:MHTLY – Get Free Report) rose 4.2% during mid-day trading on Monday. The company traded as high as $10.88 and last traded at $10.88. Approximately 500 shares were traded during trading, a decline of 33% from the average session volume of 747 shares. The stock had previously closed at $10.44.
Metcash Trading Up 4.2%
The firm has a fifty day simple moving average of $10.88 and a 200-day simple moving average of $10.88.
About Metcash
Metcash Limited is an Australian wholesale distribution and retail services company that supplies independent businesses across the food, liquor and hardware sectors. Rather than operating primarily as a conventional consumer retailer, the company supports independent store owners with wholesale products, retail brands, marketing, merchandising, supply-chain services and business support.
In food, Metcash supplies a network of independent supermarkets and grocery retailers operating under brands including IGA and Foodland.
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