Integrated Rail and Resources Acquisition (NYSE:IRRX) Shares Up 9.1% – Still a Buy?

Shares of Integrated Rail and Resources Acquisition Corp. (NYSE:IRRXGet Free Report) shot up 9.1% during trading on Monday . The stock traded as high as $11.99 and last traded at $11.99. 210 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 433 shares. The stock had previously closed at $10.99.

Integrated Rail and Resources Acquisition Stock Up 9.1%

The firm has a 50 day moving average of $10.38 and a two-hundred day moving average of $14.16.

Integrated Rail and Resources Acquisition Company Profile

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Integrated Rail and Resources Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire railroad companies that transport bulk commodities; terminal companies that transload bulk commodities to and from railroads and pipelines, trucks, and ports; and companies that produce bulk commodities moved by railroads in large volumes, as well as the rail cars that are used to transport bulk commodities.

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