Shares of FBS Global Ltd. (NASDAQ:FBGL – Get Free Report) dropped 6.8% on Tuesday . The company traded as low as $0.90 and last traded at $0.96. Approximately 344,413 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 1,291,762 shares. The stock had previously closed at $1.03.
FBS Global Stock Down 5.4 %
The company’s 50 day moving average is $1.06.
About FBS Global
The predecessor of our principal operating company was incorporated on March 9, 1996 in Singapore under the name Finebuild Systems Pte Ltd. Pursuant to a restructuring that took effect on August 2, 2022, FBS Global Limited, an exempted company incorporated in the Cayman Islands, through its wholly owned subsidiary, Success Elite Developments Limited, a company incorporated in BVI, became the ultimate holding company of our current principal operating subsidiary referred to herein as FBS SG.
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