Ridley (OTCMKTS:RIDYF) Trading 16.4% Higher – Still a Buy?

Ridley Co. Limited (OTCMKTS:RIDYF) traded up 16.4% on Monday . The company traded as high as $1.56 and last traded at $1.56. 1,500 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 8,500 shares. The stock had previously closed at $1.34.

Ridley Price Performance

The stock has a 50 day simple moving average of $1.55 and a two-hundred day simple moving average of $1.42.

Ridley Company Profile

Ridley Corporation Limited, together with its subsidiaries, provides animal nutrition solutions in Australia. It operates through two segments, Packaged Feeds and Ingredients, and Bulk Stockfeeds. The company provides feeds for horses, chicken and poultry dairy cattle, beef cattle, sheep, goats, alpacas, llamas, kangaroos and wallabies, guinea pigs, rats, and mice; monogastric and ruminant commercial feeds; aquafeed for salmon, prawns, barramundi, yellowtail kingfish, and trout, as well as mulloway, silver perch, and other native species; and rendered poultry, red meat, and fish products.