Platinum Eagle Acquisition (OTCMKTS:EAGLU) Trading Up 1% – Still a Buy?

Platinum Eagle Acquisition Corp. (OTCMKTS:EAGLUGet Free Report) shares rose 1% during mid-day trading on Wednesday . The company traded as high as $10.30 and last traded at $10.30. Approximately 500 shares were traded during trading, a decline of 95% from the average daily volume of 9,813 shares. The stock had previously closed at $10.20.

Platinum Eagle Acquisition Trading Up 1.0%

The stock has a fifty day simple moving average of $10.30 and a 200-day simple moving average of $10.30.

About Platinum Eagle Acquisition

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Platinum Eagle Acquisition Corp. is a special purpose acquisition company incorporated in Delaware. As a blank check issuer, the company does not engage in commercial operations of its own but was formed to identify and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Since its inception, Platinum Eagle Acquisition has focused on evaluating potential targets across a broad range of industries without restriction to any specific sector.

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