China Overseas Land & Investment (OTCMKTS:CAOVY) Trading 7% Higher – Time to Buy?

Shares of China Overseas Land & Investment Limited (OTCMKTS:CAOVYGet Free Report) shot up 7% during mid-day trading on Wednesday . The stock traded as high as $7.95 and last traded at $7.95. 253 shares traded hands during trading, a decline of 97% from the average daily volume of 7,424 shares. The stock had previously closed at $7.43.

China Overseas Land & Investment Price Performance

The stock has a 50-day simple moving average of $8.52 and a 200-day simple moving average of $8.69.

About China Overseas Land & Investment

(Get Free Report)

China Overseas Land & Investment Limited is a property development and investment company headquartered in Hong Kong. The company is a subsidiary of China State Construction Engineering Corporation and focuses primarily on developing residential, commercial and mixed-use real estate.

Its activities include land acquisition, property development, sales and leasing, as well as the investment and operation of commercial properties such as offices, shopping centers and other income-producing assets.

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