Manila Water (OTCMKTS:MWTCY) Trading 13.4% Higher – Here’s Why

Manila Water Company, Inc. (OTCMKTS:MWTCY)’s share price rose 13.4% on Wednesday . The stock traded as high as C$18.71 and last traded at C$18.71. Approximately 100 shares traded hands during trading, a decline of 73% from the average daily volume of 367 shares. The stock had previously closed at C$16.50.

Manila Water Trading Up 13.4%

The company has a fifty day moving average price of C$17.43 and a two-hundred day moving average price of C$17.41.

About Manila Water

Manila Water Company, Inc is a leading water utility operator in the Philippines, primarily engaged in the provision of potable water and wastewater services. Under a long-term concession agreement with the Metropolitan Waterworks and Sewerage System (MWSS), the company supplies water to the East Zone of Metro Manila, drawing raw water from regional sources and managing an integrated network of treatment plants, pumping stations and distribution pipelines.

In addition to core water distribution, Manila Water develops and implements sewerage and sanitation solutions, including the design, construction and operation of sewage treatment facilities.