Cementos Argos (OTCMKTS:CMTOY) Shares Gap Down – Here’s Why

Cementos Argos S.A. Sponsored ADR (OTCMKTS:CMTOY – Get Free Report) gapped down before the market opened on Tuesday. The stock had previously closed at $18.25, but opened at $17.06. Cementos Argos shares last traded at $15.13, with a volume of 2,001 shares.

Cementos Argos Stock Performance

The stock has a 50 day moving average price of $18.14 and a two-hundred day moving average price of $16.58.

Cementos Argos Company Profile

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Cementos Argos SA is a Colombia-based building materials company that produces and distributes cement, ready-mix concrete, aggregates and related construction products. Its materials are used in residential, commercial and infrastructure projects.

Founded in Medellín in 1934, Cementos Argos has grown from a regional cement producer into an international company serving markets across Colombia, the United States, the Caribbean and Central America. Its operations include cement plants, terminals, concrete facilities and distribution networks that supply contractors, builders and other customers.

Cementos Argos is part of Grupo Argos, a Colombian infrastructure-focused business group.

Further Reading

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