Shares of OmniLit Acquisition Corp. (NASDAQ:OLIT – Get Free Report) rose 4.6% during mid-day trading on Friday . The company traded as high as $3.55 and last traded at $3.40. Approximately 2,469 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 50,949 shares. The stock had previously closed at $3.25.
OmniLit Acquisition Stock Performance
The firm has a 50 day moving average of $4.96 and a 200-day moving average of $5.83.
About OmniLit Acquisition
OmniLit Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on transactions with companies and/or assets within the photonics or optics, and related sectors.
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