Shares of Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX – Get Free Report) were down 47.6% on Tuesday . The stock traded as low as $5.05 and last traded at $5.25. Approximately 295 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 30,766 shares. The stock had previously closed at $10.02.
Integrated Rail and Resources Acquisition Trading Down 47.6 %
The firm’s 50-day moving average is $10.01 and its two-hundred day moving average is $10.60.
Integrated Rail and Resources Acquisition Company Profile
Integrated Rail and Resources Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire railroad companies that transport bulk commodities; terminal companies that transload bulk commodities to and from railroads and pipelines, trucks, and ports; and companies that produce bulk commodities moved by railroads in large volumes, as well as the rail cars that are used to transport bulk commodities.
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