Gafisa (OTCMKTS:GFASY) Trading 125% Higher – Here’s What Happened

Gafisa S.A. (OTCMKTS:GFASYGet Free Report) traded up 125% during mid-day trading on Tuesday . The stock traded as high as $0.61 and last traded at $0.45. 519 shares traded hands during trading, an increase of 801% from the average session volume of 58 shares. The stock had previously closed at $0.20.

Gafisa Stock Up 125.0 %

The stock’s fifty day simple moving average is $0.34 and its 200 day simple moving average is $0.79.

About Gafisa

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Gafisa SA operates as a development and construction company under the Gafisa brand name in Brazil. The company is involved in residential, commercial, and hotel projects. It also provides technical consultancy services, and real estate management and construction services to third parties. Gafisa SA was founded in 1954 and is headquartered in São Paulo, Brazil.

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