SCB X Public (OTCMKTS:SMUUY) Shares Down 24.3% – Here’s Why

SCB X Public Company Limited (OTCMKTS:SMUUY) shares fell 24.3% on Wednesday . The stock traded as low as $1.72 and last traded at $1.75. 3,500 shares changed hands during mid-day trading, an increase of 73% from the average session volume of 2,022 shares. The stock had previously closed at $2.3125.

SCB X Public Price Performance

The stock’s fifty day moving average is $1.75 and its 200 day moving average is $1.75.

SCB X Public Company Profile

SCB X Public Company Limited (OTCMKTS: SMUUY) is a Thailand-based financial technology holding company formed by Siam Commercial Bank (SCB) to consolidate and scale its digital banking and related ventures. The firm was established in 2022 and completed its initial public offering on the Stock Exchange of Thailand (SET) in September of that year, with its over-the-counter shares trading in the U.S. under the ticker SMUUY.

SCB X Public operates a digital banking platform that delivers mobile-first deposit, lending and payment services designed to meet the needs of retail and small-business customers.