New World Development (OTCMKTS:NDVLY) Sees Large Volume Increase – Here’s What Happened

New World Development Co. (OTCMKTS:NDVLY – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 14,210 shares traded hands during mid-day trading, an increase of 367% from the previous session’s volume of 3,040 shares.The stock last traded at $0.5819 and had previously closed at $0.5705.

New World Development Trading Up 2.0%

The company’s fifty day moving average is $0.42 and its two-hundred day moving average is $0.42. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.70.

About New World Development

(Get Free Report)

New World Development Company Limited is a Hong Kong–based conglomerate founded in 1970 by Dr. Cheng Yu-Tung. The company’s core business lies in property development and investment, encompassing residential, commercial and retail projects. Through its flagship developments and joint ventures, New World Development has established a reputation for large-scale mixed-use complexes, premium office towers and luxury residential communities in Greater China and beyond.

Beyond property, New World Development has diversified into infrastructure and services via its listed subsidiary, NWS Holdings.

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