PropTech Acquisition Co. (OTCMKTS:PTACU – Get Free Report)’s share price was up 0.1% during mid-day trading on Thursday . The stock traded as high as $10.00 and last traded at $9.99. Approximately 1,720 shares were traded during trading, a decline of 99% from the average daily volume of 160,786 shares. The stock had previously closed at $9.98.
PropTech Acquisition Trading Up 0.1%
The firm’s fifty day simple moving average is $14.71 and its 200-day simple moving average is $16.16.
About PropTech Acquisition
PropTech Acquisition is a special-purpose acquisition company (SPAC) incorporated in Delaware and trading on the OTC Markets under the symbol PTACU. The company was formed to raise capital through an initial public offering with the intent to identify, acquire, and merge with one or more businesses in the property technology (“PropTech”) sector. Like many SPACs, it holds assets in a trust account pending completion of a qualifying business combination, offering investors exposure to the PropTech industry without immediate operating revenues.
The SPAC’s primary focus is on companies that leverage technology to improve real estate transactions, property management, construction processes, and other aspects of the residential and commercial property markets.
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