Shares of China Tower Co. Limited (OTCMKTS:CHWRF – Get Free Report) shot up 6.8% on Monday . The company traded as high as $1.3262 and last traded at $1.3112. 1,670 shares were traded during mid-day trading, a decline of 38% from the average session volume of 2,705 shares. The stock had previously closed at $1.2280.
China Tower Trading Up 6.8%
The firm has a 50-day moving average of $1.38 and a two-hundred day moving average of $1.32.
About China Tower
China Tower Corporation Limited is a leading provider of telecommunications infrastructure services in the People’s Republic of China. The company designs, builds, owns and operates a nationwide network of communications towers, base stations and ancillary infrastructure. Its core offerings include site acquisition, tower construction and maintenance, power supply solutions and network integration services, supporting multiple generations of mobile communications standards including 2G, 3G, 4G and 5G.
Established in 2014 as a joint venture by China Mobile, China Unicom and China Telecom, China Tower was created to consolidate tower assets and enhance efficiency in network deployment across China’s vast geography.
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