City Developments (OTCMKTS:CDEVY) Sees Large Volume Increase - What's Next?

Key Points

• City Developments Ltd. experienced a significant trading volume spike of 339% on Monday, with approximately 41,888 shares traded compared to the previous session's 9,545 shares.
• The stock price declined by 2.9%, closing at $4.87, after previously closing at $4.99.
• City Developments is a major global real estate company, operating in 112 locations across 29 countries and listed on the Singapore Exchange.

City Developments Ltd. (OTCMKTS:CDEVY - ) shares saw unusually-high trading volume on Monday . Approximately 41,888 shares were traded during trading, an increase of 339% from the previous session's volume of 9,545 shares.The stock last traded at $4.87 and had previously closed at $4.99.

City Developments Stock Down 2.9%

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.94. The firm's fifty day moving average is $4.34 and its 200 day moving average is $3.95.

About City Developments

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.

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