Mullen Group Ltd (OTCMKTS:MLLGF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.51 and traded as high as $6.07. Mullen Group shares last traded at $6.06, with a volume of 2,300 shares.
Separately, CIBC raised shares of Mullen Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, July 3rd.
The company’s fifty day moving average is $6.75 and its 200 day moving average is $7.51.
Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment transports general freight; cables, and pipe and steel products; and dry bulk commodities comprising cement and frac sand, as well as over-dimensional loads, such as heavy equipment, compressors and over-sized goods.
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