Golden Agri-Resources (OTCMKTS:GARPY) Stock Price Up 5.4%
Golden Agri-Resources Ltd (OTCMKTS:GARPY)’s stock price rose 5.4% during trading on Thursday . The company traded as high as $16.55 and last traded at $16.55, approximately 994 shares changed hands during trading. An increase of 116% from the average daily volume of 460 shares. The stock had previously closed at $15.70.
Separately, Goldman Sachs Group lowered shares of Golden Agri-Resources from a “neutral” rating to a “sell” rating in a research report on Monday, September 16th.
The firm has a 50-day moving average of $16.31.
Golden Agri-Resources Ltd, an investment holding company, operates as an integrated palm oil plantation company in China, Indonesia, India, Rest of Asia, Europe, and internationally. It operates in two segments, Plantation and Palm Oil Mills; and Palm, Laurics and Others. The company offers bulk products, such as crude palm oil, palm kernel, palm kernel oil, palm kernel meal, olein, stearin, cocoa butter substitute, soybean oil, and soybean meal; oleo chemicals; palm oil based bio-diesel and other renewable resources based bio-fuels; and refined products, including cooking oil, margarine, shortening, butter oil substitute, and fats for end-customers, restaurants, hotels, cafés, and industrial markets.
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