Concorde International Group (NASDAQ:CIGL) Shares Up 4.2% – Should You Buy?

Concorde International Group Ltd. (NASDAQ:CIGL)’s share price shot up 4.2% on Tuesday . The stock traded as high as $2.90 and last traded at $2.70. 3,585,617 shares traded hands during mid-day trading, an increase of 4,378% from the average session volume of 80,065 shares. The stock had previously closed at $2.59.

Analyst Upgrades and Downgrades

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

Concorde International Group Stock Performance

The company has a 50 day simple moving average of $1.91 and a 200 day simple moving average of $2.34.

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 during the quarter.

About Concorde International Group

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.