Drax Group (OTCMKTS:DRXGF) Stock Price Down 2% – What’s Next?

Shares of Drax Group plc (OTCMKTS:DRXGFGet Free Report) traded down 2% during mid-day trading on Tuesday . The stock traded as low as $7.50 and last traded at $7.50. 4,005 shares changed hands during mid-day trading, an increase of 95% from the average session volume of 2,050 shares. The stock had previously closed at $7.66.

Drax Group Stock Performance

The firm has a 50 day simple moving average of $7.71 and a 200 day simple moving average of $8.11.

Drax Group Company Profile

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Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.

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