Snam (OTCMKTS:SNMRF) Trading Up 15.1% – Here’s What Happened

Snam S.p.A. (OTCMKTS:SNMRFGet Free Report) shot up 15.1% during trading on Monday . The stock traded as high as $7.0105 and last traded at $7.0105. 526 shares traded hands during trading, a decline of 96% from the average session volume of 12,920 shares. The stock had previously closed at $6.09.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SNMRF. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Snam in a report on Monday, November 24th. Citigroup reiterated a “sell” rating on shares of Snam in a research note on Wednesday. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Sell”.

Read Our Latest Stock Analysis on Snam

Snam Price Performance

The firm’s 50-day moving average is $6.01 and its 200-day moving average is $5.89.

About Snam

(Get Free Report)

Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. The company operates through Transportation, Storage, Regasification, Energy Transition, and other segments. It provides natural gas transportation and dispatching services; and owns and manages liquified natural gas (LNG) regasification plants.

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