Iren (OTC:IRDEY) Trading 3.1% Higher – Here’s Why

Iren SpA (OTC:IRDEY) shot up 3.1% on Wednesday . The stock traded as high as $33.50 and last traded at $33.50. 1,000 shares were traded during mid-day trading, an increase of 900% from the average session volume of 100 shares. The stock had previously closed at $32.50.

Iren Trading Up 3.1%

The firm has a fifty day moving average price of $31.13 and a 200-day moving average price of $23.89.

About Iren

Iren SpA, together with its subsidiaries, operates as a multi-utility company in Italy. It operates through Networks, Waste Management, Energy, Market, and Other Services segments. The company produces and distributes electricity primarily from hydroelectric, thermoelectric, cogeneration, and other renewables, as well as distributes natural gas. It distributes electrical energy through 7,872 kilometers of medium and low voltage networks to approximately 729,000 connected users; and natural gas through its network of approximately 8,160 kilometers of high, medium, and low-pressure pipes to approximately 738,000 customers.