Shares of UMeWorld Limited (OTCMKTS:UMEWF – Get Free Report) dropped 45% during mid-day trading on Tuesday . The stock traded as low as $0.22 and last traded at $0.22. Approximately 488 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 6,115 shares. The stock had previously closed at $0.40.
UMeWorld Price Performance
The firm has a 50-day moving average of $0.41 and a 200-day moving average of $0.42.
UMeWorld Company Profile
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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