Chemring Group (OTC:CMGMF) Trading Down 9.7% – Time to Sell?

Shares of Chemring Group PLC (OTC:CMGMFGet Free Report) fell 9.7% during mid-day trading on Wednesday . The company traded as low as C$5.95 and last traded at C$5.95. 26,847 shares were traded during mid-day trading, an increase of 519% from the average session volume of 4,340 shares. The stock had previously closed at C$6.59.

Chemring Group Trading Down 9.7%

The business’s fifty day moving average price is C$7.23 and its 200 day moving average price is C$7.19.

About Chemring Group

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Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.

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