Drax Group plc (OTCMKTS:DRXGY – Get Free Report) shares shot up 0.3% on Tuesday. The company traded as high as $20.37 and last traded at $20.37. 114 shares were traded during mid-day trading, a decline of 85% from the average session volume of 741 shares. The stock had previously closed at $20.3056.
Drax Group Price Performance
The stock’s 50 day moving average price is $19.53 and its 200-day moving average price is $21.30.
About Drax Group
Drax Group plc is a British energy company focused on renewable and low-carbon power generation, energy services and biomass supply. Its principal asset is Drax Power Station in North Yorkshire, England, which generates electricity primarily from sustainable biomass. The company completed its conversion from coal-fired generation to biomass and ended commercial coal generation in 2023.
Drax also operates hydroelectric and pumped-storage facilities in Scotland, providing renewable generation and flexible power-storage services to support the electricity grid.
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