Rural Funds Group (OTCMKTS:RFNDF) Trading 6.5% Higher – Still a Buy?

Rural Funds Group (OTCMKTS:RFNDFGet Free Report) shares were up 6.5% during mid-day trading on Monday . The stock traded as high as $1.47 and last traded at $1.47. 1,420 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 1,065 shares. The stock had previously closed at $1.38.

Rural Funds Group Stock Performance

The stock’s 50-day simple moving average is $1.41 and its 200 day simple moving average is $1.39.

About Rural Funds Group

(Get Free Report)

Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. RFF owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. RFF targets distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties. RFF is a stapled security, incorporating Rural Funds Trust (ARSN 112 951 578) and RF Active (ARSN 168 740 805).

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