Rural Funds Group (OTC:RFNDF – Get Free Report) shares rose 7.7% on Friday . The company traded as high as $1.40 and last traded at $1.40. Approximately 111 shares traded hands during trading, a decline of 94% from the average daily volume of 1,750 shares. The stock had previously closed at $1.30.
Rural Funds Group Stock Up 7.7%
The stock’s 50 day moving average is $1.20 and its 200-day moving average is $1.21.
Rural Funds Group Company Profile
Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. RFF owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. RFF targets distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties. RFF is a stapled security, incorporating Rural Funds Trust (ARSN 112 951 578) and RF Active (ARSN 168 740 805).
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