MTech Acquisition (LON:MTEC) Trading Up 0.4%

MTech Acquisition Corp. (LON:MTEC) was up 0.4% on Wednesday . The stock traded as high as GBX 119.50 ($1.62) and last traded at GBX 119.50 ($1.62). Approximately 161,045 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 315,147 shares. The stock had previously closed at GBX 119 ($1.62).

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 170 ($2.31) target price on shares of MTech Acquisition in a research report on Wednesday, December 15th.

MTech Acquisition Company Profile (LON:MTEC)

MTech Acquisition Corp. is a check company, which engages in the acquisition, through a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization, and other similar business transaction. It intends to focus on businesses ancillary to the cannabis industry, with a particular sector including compliance, business intelligence, brand development, and media.

Further Reading: What is Cost of Goods Sold (COGS)?

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