Legends Business Group Inc. (OTCMKTS:LGBS) fell 15% after announcing that it commenced the first quarter on a high, and currently, there are 48 lost undergoing construction that will be completed by June 1, 2022, and lots will close immediately after. In the first quarter, the company closed six lots for a total of $1,2 million.
Trading Data
On Wednesday, LGBS stock fell 15% to $0.0009 with more than 101.06 million shares, compared to volume of 13.48 million shares. The stock moved within a range of $0.0008 – 0.0011 after opening trade at $0.0010.
Legends Business Group, Inc. Great start to our First Quarter
Currently, Legend Business is planning three plats totalling 103 lots, which it estimates to be finished and available for vertical development in the spring of next year. The company is now in a highly bullish position, holding 103 lots whose average value is $100,000 per piece, which will help the company leverage opportunities. This gives the firm $10.3 million in total assets plus $10.3 million in prospective revenues.
CEO and President of the company Paul Bakajin said that Legend Business’s positive outlook has never been better. He explained that future growth is expected to continue as the company has several land acquisitions lined up. So, LGBS is worth watching.
Key Quote
Paul Bakajin CEO/President Stated: “The company’s positive outlook has never been better. Our future growth will continue as we have many more land acquisitions planned.
Technical Data
LGBS stock is trading below the 20-Day and 50-Day Moving averages of $0.0011 and $0.0011 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0054.
