Transurban Group (OTCMKTS:TRAUF) Shares Down 0.8% – Here’s Why

Transurban Group (OTCMKTS:TRAUF)’s stock price dropped 0.8% during mid-day trading on Wednesday . The stock traded as low as $10.0180 and last traded at $10.0180. Approximately 11,387 shares were traded during mid-day trading, an increase of 162% from the average daily volume of 4,349 shares. The stock had previously closed at $10.10.

Transurban Group Stock Down 0.8%

The company’s fifty day moving average price is $9.61 and its 200-day moving average price is $9.55.

Transurban Group Company Profile

Transurban Group is an Australian-based toll road developer and operator specializing in the financing, development, management and maintenance of urban tolling infrastructure. Headquartered in Melbourne, the company leverages public–private partnership models to design and deliver highway networks that aim to improve traffic flow, reduce congestion and enhance safety across metropolitan regions.

Since its establishment in the mid-1990s and subsequent listing on the Australian Securities Exchange, Transurban has grown from its original CityLink project in Melbourne to a diversified portfolio of assets.