Investors who are tracking the performances of the major gainers over the past weeks must have noticed the enormous gains that have been clocked by the US Lighting Group Inc (OTCMKTS:USLG) stock. In the past week alone, the stock has generated gains of as much as 88% amidst heavy interest and that has taken the gains over the course of the past month to a staggering 220%.
Trading Data
On Tuesday, USLG stock decreased 2.40% to $0.2250 with more than 101K shares, compared to its average volume of 14.9k shares. The stock moved within a range of $0.1700 – 0.2685 after opening trade at $0.2515.
US Lighting Group Forms Futuro Houses LLC, a Manufacturer of Fiberglass Pre-Fab Off-Grid Houses, to Diversify its Products and Markets
Yesterday, the company was in focus once again after it announced that it had floated a new fully owned subsidiary company named Futuro Houses LLC that is going to be involved in meeting the surging demand for affordable housing.
It ought to be noted that Futuro Houses is going to be involved in offering a cost effective, energy efficient and self-sufficient solution for those who are interested in the off the grid lifestyle. It is a highly ambitious new move from US Lighting Group and it is going to be interesting to see how the market reacts to the new initiative over the course of the coming days. At this point in time, it may be a good idea from investors to add the US Lighting Group stock to their watch lists.
Key Quote
“US Lighting Group’s management team is driving its 2022 strategic plan through market diversification. Extending our business into new markets, with new products is key to our growth and expansion. We are continually looking for ways to improve our bottom line and market diversification is helping to make this happen,” said Anthony Corpora, CEO and President of the US Lighting Group.
Technical Data
USLG stock is Moreover above the 20-Day and 50-Day Moving averages of $0.1093 and $0.0898 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.1414.
