Concorde International Group (NASDAQ:CIGL) Trading 7.7% Higher – Still a Buy?

Shares of Concorde International Group Ltd. (NASDAQ:CIGL) rose 7.7% during mid-day trading on Friday . The company traded as high as $1.95 and last traded at $1.95. Approximately 21,589 shares were traded during trading, an increase of 22% from the average daily volume of 17,709 shares. The stock had previously closed at $1.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Concorde International Group in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Concorde International Group presently has a consensus rating of “Sell”.

Concorde International Group Stock Performance

The stock’s fifty day moving average is $2.23 and its two-hundred day moving average is $4.14.

Concorde International Group (NASDAQ:CIGL) last released its quarterly earnings results on Monday, September 29th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $2.99 million for the quarter.

Concorde International Group Company Profile

Concorde International Group, Inc (NASDAQ: CIGL) is a diversified holding company operating through a portfolio of subsidiaries that deliver digital asset mining solutions, strategic consulting services and security compliance offerings. Headquartered in Reno, Nevada, the company leverages its technical and advisory expertise to support clients in emerging technology sectors, traditional industries and regulated markets.

In its digital asset mining segment, Concorde International Group designs, constructs and operates high-capacity cryptocurrency mining facilities across North America.