Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX – Get Free Report)’s stock price was down 52.4% during trading on Thursday . The stock traded as low as $8.10 and last traded at $8.10. Approximately 200 shares traded hands during trading, a decline of 66% from the average daily volume of 589 shares. The stock had previously closed at $17.01.
Integrated Rail and Resources Acquisition Stock Performance
The firm’s 50 day moving average is $16.82 and its 200 day moving average is $14.62.
About Integrated Rail and Resources Acquisition
Integrated Rail and Resources Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire railroad companies that transport bulk commodities; terminal companies that transload bulk commodities to and from railroads and pipelines, trucks, and ports; and companies that produce bulk commodities moved by railroads in large volumes, as well as the rail cars that are used to transport bulk commodities.
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