IHT Stock: InnSuites Hospitality Trust Hits New High On massive Volume

InnSuites Hospitality Trust (NYSEAMERICAN:IHT) stock is one of the biggest percentage stock gainers this morning as the stock has almost doubled on higher than average volume.

IHT Stock: InnSuites Hospitality Trust Hits New High On massive Volume

After opening with slight gains, IHT stock is having a trending day and now the stock is up by 103% at $4.77.  What is more interesting is that more than 22.72 million shares have been traded hands, compared to its 30-day average volume of 80K.

In fact, the stock made a new 52-week high of $5.20 just a few minutes back.

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There is no news for such a big move. Recently, the company reported approximately $1 million for the quarter ended October 31, 2020.

Net loss during the quarter stood at 8 cents a share, worse than a year-ago loss of 2 cents a share.

IHT stock has surged 535% from its 52-week low of $0.75.

 

 

 

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.