TBC Bank Group (OTCMKTS:TBCCF) Shares Up 11.2% – Should You Buy?

TBC Bank Group PLC (OTCMKTS:TBCCF) rose 11.2% during mid-day trading on Tuesday . The company traded as high as $64.52 and last traded at $64.52. Approximately 551 shares traded hands during mid-day trading, an increase of 120% from the average daily volume of 250 shares. The stock had previously closed at $58.00.

TBC Bank Group Trading Up 11.2%

The firm has a fifty day simple moving average of $56.13 and a 200 day simple moving average of $58.01.

TBC Bank Group Company Profile

TBC Bank Group PLC is a leading banking and financial services organization headquartered in Tbilisi, Georgia. Established in the mid-1990s as a local commercial bank, the group has grown through organic expansion and strategic acquisitions to become one of the largest financial institutions in the South Caucasus region. In 2014, TBC Bank Group PLC completed a successful initial public offering on the London Stock Exchange, broadening its investor base while retaining a principal listing on the Georgian Stock Exchange and an over-the-counter presence in the United States under the symbol TBCCF.

The group provides a comprehensive suite of retail, corporate and investment banking services.