Metcash (OTC:MCSHF) Trading 34.6% Higher – What’s Next?

Metcash Limited (OTC:MCSHFGet Free Report) shares traded up 34.6% on Tuesday . The company traded as high as $2.2350 and last traded at $2.2350. 200 shares changed hands during trading, a decline of 94% from the average session volume of 3,580 shares. The stock had previously closed at $1.66.

Metcash Price Performance

The firm has a 50-day moving average of $2.25 and a 200-day moving average of $2.38.

About Metcash

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Metcash Limited operates as a wholesale distribution and marketing company in Australia. It operates through Food, Liquor, and Hardware segments. The Food segment distributes a range of products and services to independent supermarket and convenience retail outlets. The Hardware segment distributes hardware products to independent retail outlets; and operates company owned retail stores. The Liquor segment engages in the distribution of liquor products to independent retail outlets and hotels. It sells its products under the IGA, Foodland, Mitre 10, Home Hardware, Total Tools, Cellarbrations, IGA Liquor, and the Bottle-O brand names.

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