Shares of Archon Corp. (OTCMKTS:ARHN – Get Free Report) rose 14.3% during mid-day trading on Thursday . The stock traded as high as $8.00 and last traded at $8.00. Approximately 300 shares were traded during trading, an increase of 2,900% from the average daily volume of 10 shares. The stock had previously closed at $7.00.
Archon Stock Up 14.3%
The business’s fifty day simple moving average is $7.90 and its 200 day simple moving average is $11.50.
Archon Company Profile
Archon Corporation, through its subsidiary, Pioneer Hotel Inc, engages in the ownership, management, and operation of casinos and hotels in the United States. It operates the Pioneer Hotel & Gambling Hall (the Pioneer) in Laughlin, Nevada that consists of a casino. The company also owns real estate properties on Las Vegas Boulevard South in Las Vegas, Nevada; and rental properties that include commercial office space in Dorchester, Massachusetts. Archon Corporation was founded in 1991 and is based in Laughlin, Nevada.
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