UMeWorld (OTCMKTS:UMEWF) Shares Down 10% – Should You Sell?

UMeWorld Limited (OTCMKTS:UMEWFGet Free Report) traded down 10% during mid-day trading on Wednesday . The company traded as low as $0.36 and last traded at $0.36. 8,100 shares changed hands during trading, an increase of 40% from the average session volume of 5,793 shares. The stock had previously closed at $0.40.

UMeWorld Stock Performance

The business has a 50-day simple moving average of $0.37 and a two-hundred day simple moving average of $0.40.

UMeWorld Company Profile

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UMeWorld Limited, an integrated edible oil company, engages in the production of diacylglycerol) oil, palm oil, and oil palm derivative products. The company was formerly known as AlphaRx, Inc and changed its name to UMeWorld Limited in March 2013. UMeWorld Limited was incorporated in 1997 and is based in Miami, Florida.

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