Queen’s Gambit Growth Capital (OTCMKTS:GMBTU – Get Free Report)’s share price dropped 1.5% during mid-day trading on Wednesday. The company traded as low as $9.90 and last traded at $9.90. 1,600 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 4,280 shares. The stock had previously closed at $10.05.
Queen’s Gambit Growth Capital Stock Performance
The company’s 50-day moving average is $9.90 and its 200 day moving average is $9.90.
Queen’s Gambit Growth Capital Company Profile
Queen’s Gambit Growth Capital was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company in the consumer, consumer technology, media, entertainment or related sectors. Unlike an operating company, it did not provide products or services directly to customers; its primary purpose was to raise capital and pursue a merger, acquisition or similar transaction.
The company was founded by Queen’s Gambit Holdings and was led by Victoria Grace, an investment professional and entrepreneur.
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