Light (OTCMKTS:LGSXY) Stock Price Down 35.1% – Should You Sell?

Light S.A. (OTCMKTS:LGSXYGet Free Report) traded down 35.1% during trading on Wednesday . The stock traded as low as $0.6210 and last traded at $0.6210. 3,577,887 shares traded hands during trading, an increase of 162,015% from the average session volume of 2,207 shares. The stock had previously closed at $0.9575.

Light Stock Down 35.1%

The firm’s fifty day simple moving average is $0.89 and its 200 day simple moving average is $1.00.

About Light

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Light SA, trading over-the-counter as LGSXY, is a Brazil-based integrated electric utility primarily active in the state of Rio de Janeiro. The company holds long-term distribution concessions covering dozens of municipalities, supplying power to millions of residential, commercial and industrial customers. Headquartered in Rio de Janeiro city, Light maintains a network of high- and medium-voltage lines, substations and metering infrastructure to ensure reliable service across its concession area.

In addition to its core distribution business, Light develops and operates a portfolio of hydroelectric generation assets located in southeastern Brazil.

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