Roth CH Acquisition I (OTCMKTS:ROCHU) Trading Down 27.8% – What’s Next?

Roth CH Acquisition I Co. (OTCMKTS:ROCHU) was down 27.8% during mid-day trading on Thursday . The stock traded as low as $6.20 and last traded at $6.20. Approximately 398 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 2,685 shares. The stock had previously closed at $8.59.

Roth CH Acquisition I Stock Down 27.8%

The business’s 50 day moving average is $9.59 and its two-hundred day moving average is $13.97.

About Roth CH Acquisition I

Roth CH Acquisition I Co (OTCMKTS: ROCHU) is a Delaware-incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank check company, it does not conduct any operations of its own and holds its IPO proceeds in a trust account while searching for a suitable target.

The SPAC’s management team brings experience in investment banking, corporate finance and strategic advisory, leveraging industry relationships to identify and evaluate potential acquisition candidates.