LGBTQ Loyalty Holdings (LFAP) Stock Soars 880% in a Week: But Why?

LGBTQ Loyalty Holdings (OTCMKTS:LFAP), which seeks to work inclusively in the financial methodology and data space, has seen its stock record remarkable gains over the course of the past week.

LGBTQ Loyalty Holdings (LFAP) Stock Soars 880% in a Week: But Why?

On Thursday the stock soared by as much as 275% and took its gains for the past week to a staggering 880%. Considering the sheer magnitude of the gains, it might be a good move for investors to take a closer look at LGBTQ Loyalty Holdings.

Yesterday, the company announced that the current Board of Directors have been awarded an extension of two years. It is a significant development for the company since many of the board members are well known all across the world. That is, in turn, expected to lead to greater media coverage for the LGBTQ+ ESG 100 ETF that is going to be launched by the company on NASDAQ. It now remains to be seen if the stock can manage to end the week with further gains.

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Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.