Shares of City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) rose 8.8% during mid-day trading on Friday. The stock traded as high as $6.10 and last traded at $6.10. Approximately 952 shares traded hands during trading, a decline of 85% from the average daily volume of 6,429 shares. The stock had previously closed at $5.6050.
City Developments Trading Up 8.8%
The business’s fifty day moving average is $6.00 and its 200 day moving average is $6.45.
City Developments Company Profile
City Developments Limited (OTCMKTS:CDEVY), commonly known as CDL, is a Singapore-based real estate company engaged in property development, investment, and management. Its portfolio includes residential properties, office buildings, retail spaces, hotels, serviced residences, and mixed-use developments.
Founded in 1963, CDL has developed projects in Singapore and maintains an international presence across markets in Asia, the United Kingdom, Australia, Europe, and the United States. The company serves homebuyers, commercial tenants, institutional investors, and hospitality customers through its property and hotel businesses.
CDL also operates through its hospitality interests, including the Millennium & Copthorne hotel brand.
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