Rural Funds Group (OTC:RFNDF) Trading 16% Higher – Here’s Why

Rural Funds Group (OTC:RFNDFGet Free Report)’s share price was up 16% during trading on Tuesday . The stock traded as high as $1.11 and last traded at $1.11. Approximately 12,900 shares were traded during trading, an increase of 143% from the average daily volume of 5,314 shares. The stock had previously closed at $0.96.

Rural Funds Group Stock Performance

The business’s 50-day simple moving average is $1.15 and its 200 day simple moving average is $1.28.

About Rural Funds Group

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Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. RFF owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. RFF targets distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties.

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