Metcash (OTCMKTS:MHTLY) Trading 4.2% Higher – Still a Buy?

Metcash Limited (OTCMKTS:MHTLYGet Free Report)’s share price shot up 4.2% on Friday . The company traded as high as $10.88 and last traded at $10.88. 500 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 747 shares. The stock had previously closed at $10.44.

Metcash Stock Performance

The company has a 50 day moving average of $10.88 and a two-hundred day moving average of $10.88.

About Metcash

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Metcash Limited operates as a wholesale distribution and marketing company in Australia and New Zealand. It operates through Food, Liquor, and Hardware segments. The Food segment distributes a range of products and services to independent supermarket and convenience retail outlets. The Liquor segment engages in the distribution of liquor products to independent retail outlets and hotels.

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