Chenghe Acquisition I Co. (NASDAQ:LATG – Get Free Report) shares rose 40% on Tuesday . The stock traded as high as $12.00 and last traded at $11.90. Approximately 16,389 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 54,223 shares. The stock had previously closed at $8.50.
Chenghe Acquisition I Trading Up 40.0 %
The firm’s fifty day moving average price is $11.90 and its 200-day moving average price is $11.62. The company has a market cap of $80.68 million, a P/E ratio of -34.00 and a beta of 0.07.
Chenghe Acquisition I Company Profile
Chenghe Acquisition I Co does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus search for an initial business combination in the TMT, green energy, biotechnology, optoelectronics, and other sectors in the Asia Pacific.
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