Shares of Chenghe Acquisition I Co. (NASDAQ:LATG – Get Free Report) were up 40% during mid-day trading on Tuesday . The stock traded as high as $12.00 and last traded at $11.90. Approximately 16,389 shares changed hands during trading, a decline of 70% from the average daily volume of 54,223 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 PE ratio of -34.00 and a beta of 0.07. The firm has a fifty day simple moving average of $11.90 and a 200-day simple moving average of $11.62.
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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