Mirvac Group (OTCMKTS:MRVGF) Shares Down 15% – Here’s Why

by · The Markets Daily

Mirvac Group (OTCMKTS:MRVGF – Get Free Report) shares dropped 15% during mid-day trading on Wednesday . The company traded as low as $1.23 and last traded at $1.23. Approximately 785 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 24,623 shares. The stock had previously closed at $1.45.

Mirvac Group Price Performance

The firm has a 50-day simple moving average of $1.44 and a 200 day simple moving average of $1.35.

About Mirvac Group

(Get Free Report)

Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) top 50 company with an integrated asset creation and curation capability. For more than 50 years, we've dedicated ourselves to creating extraordinary urban places and experiences. We have over $35 billion of assets under management, together with a $12 billion commercial and mixed use development pipeline, and a $17 billion residential development pipeline, enabling us to deliver innovative and high-quality property for our customers, while driving long-term value for our securityholders.

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