Satellogic (NASDAQ:SATLW) Shares Up 6.1% – Here’s Why

Satellogic Inc. (NASDAQ:SATLWGet Free Report)’s share price shot up 6.1% during mid-day trading on Wednesday . The stock traded as high as $0.2106 and last traded at $0.2090. 99,403 shares were traded during mid-day trading, an increase of 309% from the average session volume of 24,321 shares. The stock had previously closed at $0.1970.

Satellogic Stock Up 6.1%

The company’s fifty day simple moving average is $0.21 and its 200-day simple moving average is $0.35.

About Satellogic

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Satellogic Inc operates as an integrated geospatial company in the Asia Pacific, North America, and internationally. It engages in tasking satellites with monitoring assets and keeping up with their changing reality for government and commercial customers; control satellites on top of specific areas of interest for governments; and sale and support satellites.

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