The past week has been quite good for investors in Smart Employee Benefits Inc (OTCMKTS:SEBFF) as the company’s stock clocked steady gains and the situation remained the same on Monday as it delivered gains of 7%.
Trading Data
On Monday, SEBFF stock gained 6.95% to $0.1970 with more than 427k shares traded, compared to its average volume of 58k shares. The stock moved within a range of $0.1886 – 0.2151 after opening trading at $0.19.
Corporate Update: SEB Group Receives Contract Extension Valued >$5.0M Increasing Contract Wins in Q1/2022 to >$43.0M
In this regard, it is possibly important to point out that the rally in the stock yesterday took the gains made by Smart Employee Benefits in the past week to as much as 25%. Yesterday, the company came into focus once again after it announced that an existing contract had been expanded further and the budget for the contract had been set at more than $5 million.
It was another major win for the company and the excitement among investors on Monday was perhaps understandable. On the other hand, it is also necessary to point out that the company has been winning and expanding contracts regularly in recent times.
The totality of the contract wins as well as extensions over the course of the first quarter of 2022 now stands at $43 million. It is clear to see that Smart Employee Benefits is on the right track and hence, it may also be the right time to add the stock to your watch lists.
