Market Reaction:
On Wednesday, LIGA stock increased 45.64% at $0.0101 with more than 364.71 million shares, compared to its average volume of 14.33 million shares. The stock has moved within a range of $0.0069 – 0.0103 after opening the trade at $0.0073.
In the past week, the LIG Assets Inc (OTCMKTS:LIGA) stock has been on the radars of plenty of investors and that becomes apparent when one looks into the price action in the stock.
Yesterday, the stock experienced heavy action and ended the day with gains of as much as 45% and that took its gains for the past week to a remarkable 105%.
Major Developments
That being said, there has been no news about the company in recent times and many investors might feel that the rally maybe speculative in nature. The last time the company was in the news was back in August this year when LIG Assets announced the closure of a key transaction.
The company noted that it had managed to close the transaction related to Bella Serra back on August 13 and the funds related to the transaction had also been transferred to LIG Assets’ accounts.
The transaction is an important one for the company since $7,037,549 that the company got in the all cash deal is going to help it with the funding required for building sustainable homes. The homes in question are going to be built in partnership with David Oberele and Robert Plarr.
Traders Note:
LIGA stock is trading above the 50-Day and 200-Day Moving averages of $0.0047 and $0.0048. The stock is up 152% in the past month and 260% so far this year.
