UMeWorld (OTCMKTS:UMEWF) Stock Price Up 22.5% – Still a Buy?

Shares of UMeWorld Limited (OTCMKTS:UMEWFGet Free Report) traded up 22.5% on Thursday . The stock traded as high as $0.49 and last traded at $0.49. 400 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 5,767 shares. The stock had previously closed at $0.40.

UMeWorld Stock Up 2.0 %

The company’s 50 day moving average price is $0.36 and its 200 day moving average price is $0.39.

About UMeWorld

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UMeWorld Limited, an integrated edible oil company, engages in the production of diacylglycerol) oil, palm oil, and oil palm derivative products. The company was formerly known as AlphaRx, Inc and changed its name to UMeWorld Limited in March 2013. UMeWorld Limited was incorporated in 1997 and is based in Miami, Florida.

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