Shares of Magellan Financial Group Limited (OTCMKTS:MGLLF – Get Free Report) rose 32.2% during mid-day trading on Monday . The company traded as high as C$6.74 and last traded at C$6.74. Approximately 142 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 100 shares. The stock had previously closed at C$5.10.
Magellan Financial Group Price Performance
The firm has a fifty day moving average of C$6.41 and a 200 day moving average of C$6.40.
About Magellan Financial Group
Magellan Financial Group Ltd is a global investment manager headquartered in Sydney, Australia. Founded in 2006 by Hamish Douglass and Chris Mackay, the firm offers a range of investment strategies focused on high-quality global equities and listed infrastructure assets. Magellan’s core business activities include the management of funds and mandates for retail, wholesale and institutional clients, with an emphasis on capital preservation and long-term value creation.
The company’s flagship products include its Global Fund, which targets established companies with sustainable competitive advantages, and its Infrastructure Fund, which invests in essential global infrastructure businesses such as utilities, transportation and toll roads.
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