Shares of Vicinity Centres (OTCMKTS:CNRAF – Get Free Report) shot up 2.9% on Monday. The stock traded as high as $1.6975 and last traded at $1.6975. 3,779 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 5,380 shares. The stock had previously closed at $1.65.
Vicinity Centres Stock Performance
The stock’s fifty day moving average is $1.77 and its two-hundred day moving average is $1.68.
About Vicinity Centres
Vicinity Centres is an Australian retail property group that owns, develops and manages shopping centres and other retail-focused destinations. Its properties provide space for supermarkets, department stores, specialty retailers, dining venues, entertainment operators and a range of services.
The company serves communities throughout Australia, with a portfolio spanning major regional shopping centres, sub-regional centres and convenience-oriented retail locations. Vicinity Centres also works with retail tenants and investment partners to improve, redevelop and manage its properties.
Vicinity Centres was created in 2015 through the merger of Federation Centres and Novion Property Group, bringing together two established Australian property businesses.
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