Chenghe Acquisition I Co. (NASDAQ:LATG – Get Free Report) rose 40% during mid-day trading on Wednesday . The company traded as high as $12.00 and last traded at $11.90. Approximately 16,389 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 66,002 shares. The stock had previously closed at $8.50.
Chenghe Acquisition I Stock Performance
The company has a market capitalization of $80.68 million, a P/E ratio of -34.00 and a beta of 0.07. The business’s fifty day simple moving average is $11.90 and its 200-day simple moving average is $11.69.
About Chenghe Acquisition I
Chenghe Acquisition I Co does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus search for an initial business combination in the TMT, green energy, biotechnology, optoelectronics, and other sectors in the Asia Pacific.
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