Light (OTCMKTS:LGSXY) Shares Up 37.5% – Should You Buy?

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

Light Stock Down 2.8 %

The business’s 50 day simple moving average is $1.09 and its 200 day simple moving average is $1.01.

About Light

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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.

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