Pacific Alliance China Land Limited (LON:PACL – Get Rating) dropped 99% during trading on Friday . The company traded as low as GBX 0.18 ($0.00) and last traded at GBX 0.18 ($0.00). Approximately 57,447 shares changed hands during mid-day trading, an increase of 256% from the average daily volume of 16,141 shares. The stock had previously closed at GBX 18 ($0.21).
Pacific Alliance China Land Price Performance
The stock has a 50 day moving average of GBX 0.18 and a 200 day moving average of GBX 0.18. The firm has a market cap of £5,000.00 and a price-to-earnings ratio of -0.13.
About Pacific Alliance China Land
Pacific Alliance China Land Limited (the Fund) is a closed-end investment company. The Fund’s investment objective is to provide shareholders with capital growth and a regular level of income from investments in existing properties, new developments, distressed projects and real estate companies in Greater China.
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