Shares of Rural Funds Group (OTC:RFNDF – Get Free Report) shot up 15.6% during trading on Friday . The stock traded as high as $1.07 and last traded at $1.07. 316 shares were traded during mid-day trading, a decline of 57% from the average session volume of 743 shares. The stock had previously closed at $0.93.
Rural Funds Group Price Performance
The firm has a 50-day moving average of $0.99 and a 200 day moving average of $1.15.
About Rural Funds Group
Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. RFF owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. RFF targets distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties.
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