Home Top Movers What triggered Lion Group Holding (NASDAQ: LGHL) to surge in the premarket?

What triggered Lion Group Holding (NASDAQ: LGHL) to surge in the premarket?

Lion Group Holding (NASDAQ: LGHL), shares skyrocketed 109.57% to $4.82 in the pre-market session. The share price of LGHLsurged today despite no company-specific news being made public and should investors take that as a caution. For that, let’s have a look at the Company’s recent report.

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  • December 21, 2020, Lion Group Holding (NASDAQ: LGHL) announced it had completed a private placement shareholder subscription agreement for $10 million. Financing for the project will be provided by Yun Tian Investment Limited, an organization incorporated in Hong Kong backed by a group of reputable and wealthy private entrepreneurs from South China.
  •  On November 30, 2020, Lion Group Holding Ltd. (NASDAQ: LGHL) announced that Lion Brokers, a leading online retail platform owned by the Company, has upgraded its MetaTrader 4 platform to include MetaTrader 5 to support customers’ increased needs to trade in global financial markets.
  • Shih-Chung Chou resigned as a director from Lion Group Holding (NASDAQ: LGHL) on October 9, 2020.

Recent Scores

At yesterday’s close, company stock was up 13.86% to $2.30 from the close of the day before.
TheCompany with a market cap of 41.59M has a P.E ratio of 5.61. During the previous 52-week period, its highest level was $8.93, and its lowest price was recorded at $1.74.

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