Light (OTCMKTS:LGSXY) Stock Price Up 37.5% – Still a Buy?

Light S.A. (OTCMKTS:LGSXYGet Free Report)’s share price shot up 37.5% on Monday . The stock traded as high as $1.10 and last traded at $1.10. 1,399 shares changed hands during trading, a decline of 89% from the average session volume of 12,708 shares. The stock had previously closed at $0.80.

Light Trading Up 37.5 %

The business’s fifty day moving average price is $1.11 and its 200-day moving average price is $1.01.

About Light

(Get Free Report)

Light SA, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric power in Brazil. The company distributes electricity in the state of Rio de Janeiro. It also engages in the research, planning, building, operation, and exploration of generation and transmission systems; purchase, sale, import, and export of electric and thermal power, and gas and industrial utilities; provision of consulting services in the energy sector; lease of real estate and personal properties; acquisition and sale of goods related to the studies and projects; implementation, operation, and maintenance of construction works and facilities; and trading activities.

Read More

Receive News & Ratings for Light Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Light and related companies with MarketBeat.com's FREE daily email newsletter.