Rural Funds Group (OTC:RFNDF – Get Free Report)’s share price dropped 7% on Wednesday . The company traded as low as $1.00 and last traded at $1.00. Approximately 1,900 shares were traded during mid-day trading, an increase of 104% from the average daily volume of 933 shares. The stock had previously closed at $1.07.
Rural Funds Group Stock Performance
The firm’s 50 day moving average price is $1.00 and its 200-day moving average price is $1.11.
About Rural Funds Group
Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. RFF owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. RFF targets distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties.
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