Concorde International Group (NASDAQ:CIGL) Trading 24.8% Higher – What’s Next?

Concorde International Group Ltd. (NASDAQ:CIGL) shares were up 24.8% during mid-day trading on Monday . The stock traded as high as $2.85 and last traded at $2.20. Approximately 1,033,658 shares changed hands during mid-day trading, an increase of 4,845% from the average daily volume of 20,901 shares. The stock had previously closed at $1.7631.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Concorde International Group in a research note on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Concorde International Group Trading Up 24.8%

The company has a fifty day moving average of $1.94 and a two-hundred day moving average of $3.53.

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