Shares of FRMO Co. (OTCMKTS:FRMO – Get Free Report) dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $7.26 and last traded at $7.34. Approximately 25,965 shares traded hands during trading, an increase of 146% from the average daily volume of 10,545 shares. The stock had previously closed at $7.35.
FRMO Price Performance
The stock has a 50-day moving average price of $7.97 and a two-hundred day moving average price of $8.47.
FRMO Company Profile
FRMO Corporation (OTCMKTS:FRMO) is a diversified holding company based in Bloomfield Hills, Michigan. The company seeks long-term capital appreciation by acquiring, incubating and supporting a range of businesses and investments across public equities, private ventures, commercial real estate and special situations. With a flexible investment mandate, FRMO allocates capital to sectors and asset classes it considers undervalued or poised for future growth.
Through its wholly owned subsidiaries and strategic partnerships, FRMO’s portfolio spans multiple industries, including software and technology services, digital media, consumer products and real estate development.
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