China Overseas Land & Investment Limited (OTCMKTS:CAOVY – Get Free Report) rose 8.3% during mid-day trading on Monday . The stock traded as high as $8.66 and last traded at $8.66. Approximately 1,645 shares changed hands during trading, a decline of 48% from the average daily volume of 3,172 shares. The stock had previously closed at $8.00.
China Overseas Land & Investment Trading Up 8.3%
The stock’s 50-day simple moving average is $8.39 and its two-hundred day simple moving average is $8.75.
China Overseas Land & Investment Company Profile
China Overseas Land & Investment (OTCMKTS: CAOVY) is a Hong Kong–based real estate developer and property investor with origins dating back to 1979. The company is a core subsidiary of China State Construction Engineering Corporation (CSCEC), one of the world’s largest construction and engineering conglomerates. Since its initial public offering on the Hong Kong Stock Exchange in the early 1990s, China Overseas Land & Investment has expanded its footprint to become one of the leading real estate groups in Greater China.
The company’s primary activities encompass residential and commercial property development, property investment, hotel operations and property management services.
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