Specialised business lending firm Legion Capital Corporation (OTCMKTS:LGCP), which is also enabled with Fintech, has not had the favour of investors over the course of the past week. It has suffered from a pretty strong selloff and has declined by as much as 22%.
On Thursday, LGCP stock ended flat at $0.31 with more than 3.6K shares, compared to its average volume of 1.35k shares. The stock has moved within a range of $0.3101 – 0.3101 after opening trade at $0.31.
Legion Capital Named on 20 Companies Who Are Escalating Innovation In The Market in 2021
Although the stock has tanked hard, it may also be a time for investors to consider if it could in fact be an opportunity to get into the stock. To that end, it is necessary to note that on Thursday Legion Capital was in the news after it had been included in the Global Business Leaders Magazine 20 Companies Who Are Escalating Innovation In The Market in 2021 Listing.
It is a significant achievement for the company and one that could bring it into the focus of big ticket investors. The company is primarily involved with small and medium sized enterprises. It provides those firms with growth capital, acquisition funds and also funds needed at the early stages of development.
At this point in time, Legion Capital is involve in a number of industries starting from infrastructure and construction to real estate development and construction among others. It remains to be seen if the stock can rebound today after Thursday’s development.
LGCP stock is trading below the 20-Day and 50-Day Moving averages of $0.5365 and $0.5729 respectively. Moreover, the stock is below 200-Day moving average of $1.08. The stock is down 59% in the past month.