Home Financial Markets Penny Stocks This Is Why Valiant Eagle (PSRU) Stock Jumped Nearly 25% In Last...

This Is Why Valiant Eagle (PSRU) Stock Jumped Nearly 25% In Last Session

Valiant Eagle, Inc. (OTCPink: PSRU) jumped 24.81 percent to $0.0161 at yesterday’s close. The volume of Valiant Eagle stock traded on the day was 322.62M shares in contrast with its Average Weekly volume of 66.45M shares.

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Performance has been 6.62% for the PSRU stock for the week while its monthly performance was -30.00%. The price range for PSRU stock in the last 52 weeks was $0.0100 – $0.4999. The signing of a deal to manage the NFT portfolio with two NFT auction sites pushed the PSRU stock higher.

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Where is PSRU heading?

Valiant Eagle is a corporation focused on energizing the entertainment industry, combining TV, social media, and celebrity entertainment. Through music, sports, and technology, PSRU aims to develop media in unprecedented ways for the millennial generation.

Valiant Eagle announced Monday it will be partnering with two non-fungible tokens auction houses for the management of NFTs in order to capitalize on the investor demand for NFTs.

To begin with, PSRU will be focused on ABA Canada and its two US teams. Moreover, Providence Film Group, a sister company of PSRU, also in view of capitalizing on NFTs with its current and upcoming media projects would be possible.

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With the move, what will PSRU be able to do?

The interest in NFTs is soaring lately and many celebrities have also capitalized on this. PSRU expects a strong market for its NFTs related to film, television, and basketball.

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