Drax Group (OTCMKTS:DRXGY) Trading 10% Higher – What’s Next?

Drax Group plc (OTCMKTS:DRXGYGet Free Report) shot up 10% on Monday . The stock traded as high as $17.71 and last traded at $17.71. 1,025 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 811 shares. The stock had previously closed at $16.10.

Drax Group Trading Up 10.0 %

The business has a 50-day moving average price of $16.26 and a two-hundred day moving average price of $15.99.

Drax Group Company Profile

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Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.

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