Chorus (OTCMKTS:CHRYY) Sets New 1-Year High - Here's What Happened

Key Points

• Chorus Ltd. shares reached a new 52-week high on Monday, trading as high as $30.01 before closing at the same level.
• The stock's move came on light volume, with just 100 shares changing hands, suggesting limited trading activity behind the gain.
• Chorus remains above its 50-day ($27.63) and 200-day ($27.14) moving averages, indicating a positive longer-term trend.

Chorus Ltd. (OTCMKTS:CHRYY - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $30.01 and last traded at $30.01, with a volume of 100 shares changing hands. The stock had previously closed at $29.40.

Chorus Price Performance

The stock's 50-day moving average is $27.63 and its 200 day moving average is $27.14.

Chorus Company Profile

Chorus Limited is New Zealand's largest provider of fixed-line telecommunications infrastructure. Established in December 2011 following a demerger from Telecom New Zealand, the company owns and operates the fibre optic and copper network that forms the backbone of the country's broadband and voice services.

Chorus specialises in wholesale network access, delivering fibre-to-the-premises (FTTP), fibre-to-the-cabinet (FTTC) and copper-based broadband connections to retail service providers such as Spark, 2degrees and Vodafone.

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