UMeWorld (OTCMKTS:UMEWF) Stock Price Up 18.9% – Still a Buy?

UMeWorld Limited (OTCMKTS:UMEWFGet Free Report) rose 18.9% on Tuesday . The company traded as high as $0.44 and last traded at $0.44. Approximately 3,800 shares were traded during trading, an increase of 61% from the average daily volume of 2,367 shares. The stock had previously closed at $0.37.

UMeWorld Trading Up 18.9 %

The stock has a 50-day simple moving average of $0.42 and a two-hundred day simple moving average of $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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