Redwoods Acquisition (NASDAQ:RWODU) Trading Down 56.3%

Redwoods Acquisition Corp. (NASDAQ:RWODUGet Free Report) dropped 56.3% during mid-day trading on Tuesday . The company traded as low as $3.24 and last traded at $3.24. Approximately 1,400 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 2,430 shares. The stock had previously closed at $7.41.

Redwoods Acquisition Price Performance

The stock’s 50 day moving average price is $6.32 and its 200 day moving average price is $9.08.

About Redwoods Acquisition

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Redwoods Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on businesses in the carbon neutral and energy storage industries.

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