Cementos Argos (OTCMKTS:CMTOY) Shares Gap Up – Still a Buy?

Cementos Argos S.A. Sponsored ADR (OTCMKTS:CMTOY – Get Free Report)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $17.75, but opened at $18.25. Cementos Argos shares last traded at $18.25, with a volume of 5,000 shares trading hands.

Cementos Argos Trading Up 2.8%

The business’s fifty day moving average price is $18.13 and its two-hundred day moving average price is $16.52.

About Cementos Argos

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Cementos Argos SA is a Colombia-based building materials company that produces and distributes cement, ready-mix concrete and aggregates. Its products are used in residential, commercial and infrastructure construction, and the company also provides related logistics and construction-materials services.

Founded in 1934 and headquartered in Medellín, Colombia, Cementos Argos has developed operations across the Americas. Its business has historically included Colombia, the United States and several Caribbean and Central American markets, serving contractors, distributors, developers and large infrastructure projects.

Cementos Argos is part of Grupo Argos, a Colombian infrastructure-focused business group.

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