Ridley (OTCMKTS:RIDYF) Trading 16.4% Higher – Still a Buy?

Ridley Co. Limited (OTCMKTS:RIDYF)’s share price traded up 16.4% during trading on Monday . The stock traded as high as $1.56 and last traded at $1.56. 1,500 shares traded hands during trading, a decline of 82% from the average session volume of 8,500 shares. The stock had previously closed at $1.34.

Ridley Stock Performance

The company has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.42.

Ridley Company Profile

Ridley Corporation Limited, together with its subsidiaries, provides animal nutrition solutions in Australia. It operates through two segments, Packaged Feeds and Ingredients, and Bulk Stockfeeds. The company provides feeds for horses, chicken and poultry dairy cattle, beef cattle, sheep, goats, alpacas, llamas, kangaroos and wallabies, guinea pigs, rats, and mice; monogastric and ruminant commercial feeds; aquafeed for salmon, prawns, barramundi, yellowtail kingfish, and trout, as well as mulloway, silver perch, and other native species; and rendered poultry, red meat, and fish products.