MTN Group (OTCMKTS:MTNOY) Sees Strong Trading Volume – Here’s Why

Shares of MTN Group Ltd. (OTCMKTS:MTNOYGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 17,925 shares traded hands during mid-day trading, an increase of 159% from the previous session’s volume of 6,918 shares.The stock last traded at $10.68 and had previously closed at $10.7125.

MTN Group Stock Performance

The company has a 50 day simple moving average of $9.87 and a 200-day simple moving average of $9.11.

MTN Group Company Profile

(Get Free Report)

MTN Group (OTCMKTS: MTNOY) is a multinational telecommunications company headquartered in Johannesburg, South Africa. Founded in the mid-1990s as Mobile Telephone Networks, the company has grown into one of the largest mobile network operators serving consumers, businesses and governments across Africa and the Middle East. MTN is listed on the Johannesburg Stock Exchange and also trades over‑the‑counter in the United States under the symbol MTNOY.

The company’s core activities include mobile voice and data services, fixed‑line and broadband offerings, and enterprise solutions such as cloud, connectivity and managed services.

Further Reading

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