MTN Group (OTCMKTS:MTNOY) Shares Gap Up – Here’s What Happened

MTN Group Ltd. (OTCMKTS:MTNOY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $10.97, but opened at $11.85. MTN Group shares last traded at $11.84, with a volume of 8,787 shares traded.

MTN Group Price Performance

The stock’s fifty day moving average is $11.62 and its two-hundred day moving average is $10.05.

About MTN Group

MTN Group (OTCMKTS: MTNOY) is a multinational telecommunications company headquartered in Johannesburg, South Africa. Founded in the mid-1990s as Mobile Telephone Networks, the company has grown into one of the largest mobile network operators serving consumers, businesses and governments across Africa and the Middle East. MTN is listed on the Johannesburg Stock Exchange and also trades over‑the‑counter in the United States under the symbol MTNOY.

The company’s core activities include mobile voice and data services, fixed‑line and broadband offerings, and enterprise solutions such as cloud, connectivity and managed services.