City Developments (OTCMKTS:CDEVY) Shares Gap Up – Here’s Why

City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $6.30, but opened at $6.5260. City Developments shares last traded at $6.5260, with a volume of 750 shares.

City Developments Stock Up 5.8%

The business has a fifty day moving average of $6.18 and a 200 day moving average of $6.34. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.00.

About City Developments

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City Developments Limited (CDL) is a Singapore-based global real estate operating company engaged in property development, investment and management. Its portfolio includes residential developments, commercial offices, retail properties, integrated developments and industrial assets. The company also provides property-related services, including facilities management and asset management.

Founded in 1963, CDL has developed a substantial presence in Singapore and operates internationally through residential, commercial and hospitality businesses.

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