Shares of China Overseas Land & Investment Limited (OTCMKTS:CAOVY – Get Free Report) dropped 7.9% on Tuesday . The company traded as low as $8.28 and last traded at $8.28. 710 shares traded hands during trading, a decline of 91% from the average session volume of 7,795 shares. The stock had previously closed at $8.9860.
China Overseas Land & Investment Stock Down 4.7%
The firm’s 50-day moving average price is $8.44 and its 200-day moving average price is $8.78.
China Overseas Land & Investment Company Profile
China Overseas Land & Investment (OTCMKTS: CAOVY) is a Hong Kong–based real estate developer and property investor with origins dating back to 1979. The company is a core subsidiary of China State Construction Engineering Corporation (CSCEC), one of the world’s largest construction and engineering conglomerates. Since its initial public offering on the Hong Kong Stock Exchange in the early 1990s, China Overseas Land & Investment has expanded its footprint to become one of the leading real estate groups in Greater China.
The company’s primary activities encompass residential and commercial property development, property investment, hotel operations and property management services.
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