If you are on the lookout for stocks which might have recorded handsome gains in the past week then it might be time to start looking into the Lion Group Holdings Ltd (NASDAQ:LGHL) stock.
The stock was in focus yesterday as well and ended the day with gains of 26%. The rally on Monday took its gains for the past week to as much as 51%. The company, which is best known for operating an all in one trading platform, announced on Monday that its subsidiary company Lion International Financial (Singapore) Pte Ltd was awarded a Capital Markets Service License.
The license had been awarded by the Monetary Authority of Singapore and it is a significant development for Lion Group. The license is going to allow Lion International Financial to get into the exchange traded derivative contracts, spot foreign exchange contracts and over the counter derivatives contracts spaces.
The Chief Executive Officer of Lion Group Chunning Wang spoke about the matter as well and stated that the award of the license helps the company in establishing its foot print in Singapore. It will also help the company in expanding opportunities across the Southeast Asian region.
