OmniLit Acquisition Corp. (NASDAQ:OLIT – Get Free Report)’s stock price dropped 1.3% during mid-day trading on Thursday . The company traded as low as $1.41 and last traded at $1.49. Approximately 18,123 shares changed hands during trading, a decline of 64% from the average daily volume of 50,949 shares. The stock had previously closed at $1.51.
OmniLit Acquisition Price Performance
The firm has a 50-day moving average price of $2.58 and a 200 day moving average price of $3.79.
OmniLit Acquisition Company Profile
OmniLit Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on transactions with companies and/or assets within the photonics or optics, and related sectors.
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