South Mountain Merger (OTCMKTS:SMMCU) Trading Up 1.3% – Here’s What Happened

South Mountain Merger Corp. (OTCMKTS:SMMCUGet Free Report) shot up 1.3% during trading on Tuesday . The company traded as high as $19.69 and last traded at $19.69. 300 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 2,460 shares. The stock had previously closed at $19.44.

South Mountain Merger Stock Performance

The stock’s fifty day simple moving average is $19.69 and its 200-day simple moving average is $19.69.

About South Mountain Merger

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South Mountain Merger Corp. (OTCMKTS: SMMCU) is a special purpose acquisition company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company raised its initial capital through a public offering and holds proceeds in a trust account until it identifies a suitable target.

Focusing on industries such as technology, healthcare and consumer products, South Mountain Merger Corp.

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