UMeWorld (OTCMKTS:UMEWF) Trading Up 22.5% – Here’s Why

UMeWorld Limited (OTCMKTS:UMEWFGet Free Report) shares shot up 22.5% during mid-day trading on Thursday . The company traded as high as $0.49 and last traded at $0.49. Approximately 400 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 5,767 shares. The stock had previously closed at $0.40.

UMeWorld Stock Performance

The business has a 50 day moving average of $0.36 and a 200-day moving average of $0.39.

UMeWorld Company Profile

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UMeWorld Limited, an integrated edible oil company, engages in the production of diacylglycerol) oil, palm oil, and oil palm derivative products. The company was formerly known as AlphaRx, Inc and changed its name to UMeWorld Limited in March 2013. UMeWorld Limited was incorporated in 1997 and is based in Miami, Florida.

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