Shares of FRMO Co. (OTCMKTS:FRMO – Get Free Report) shot up 6.4% during mid-day trading on Friday . The company traded as high as $10.72 and last traded at $10.72. 19,635 shares were traded during mid-day trading, an increase of 59% from the average session volume of 12,318 shares. The stock had previously closed at $10.08.
FRMO Trading Up 6.4 %
The firm has a fifty day moving average of $9.94 and a 200 day moving average of $8.51.
About FRMO
FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company. The company provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations primarily to institutional investors. FRMO Corporation was incorporated in 1993 and is based in White Plains, New York.
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