Tobu Railway (OTCMKTS:TBURF) Shares Up 23.4% – Time to Buy?

Shares of Tobu Railway Co., Ltd. (OTCMKTS:TBURF) rose 23.4% during trading on Friday . The company traded as high as $20.0550 and last traded at $20.0550. Approximately 145 shares changed hands during trading, a decline of 75% from the average daily volume of 575 shares. The stock had previously closed at $16.2550.

Tobu Railway Price Performance

The stock has a fifty day moving average of $16.33 and a two-hundred day moving average of $16.29.

About Tobu Railway

Tobu Railway Co, Ltd. is a Japan-based private railway operator primarily serving the northern suburbs of Tokyo and neighboring prefectures. Established in 1897 and headquartered in Sumida, Tokyo, the company is part of the broader Tobu Group, a conglomerate with diversified interests in transportation, retail, real estate and tourism. Tobu Railway’s core business centers on passenger rail services, operating an extensive network of commuter and intercity lines that link downtown Tokyo with areas in Saitama, Chiba and Tochigi prefectures.

The company’s rail network comprises key routes such as the Tobu Skytree Line, Tojo Line, Isesaki Line and the Nikko Line, which provide both daily commuting services and access to major tourist destinations, including the historic city of Nikko and popular hot-spring resorts in Kinugawa.