Ingenia Communities Group (OTC:INGEF) Shares Up 59.5% – Should You Buy?

Shares of Ingenia Communities Group (OTC:INGEF) rose 59.5% during mid-day trading on Friday . The company traded as high as $3.43 and last traded at $3.43. Approximately 483 shares traded hands during trading, a decline of 81% from the average daily volume of 2,510 shares. The stock had previously closed at $2.15.

Ingenia Communities Group Stock Up 59.5 %

The firm has a fifty day moving average price of $2.89 and a 200 day moving average price of $3.43.

Ingenia Communities Group Company Profile

Ingenia Communities Group (ASX:INA) is a leading operator, owner and developer offering quality residential communities and holiday accommodation. Listed on the Australian Securities Exchange, the Group is included in the S&P/ASX 200. Across Ingenia Lifestyle, Ingenia Gardens, Ingenia Holidays and Ingenia Rental, the Group's $2.3 billion property portfolio includes 107 communities and development sites and is continuing to grow.