Lion Group Holding (LGHL) Regains Momentum: Time To Be Bullish?

Due to the rally enjoyed by Bitcoin over the past weeks, many blockchain companies have come into focus among investors and one of those is Lion Group Holding Ltd – ADR (NASDAQ: LGHL).

The stock has already gained as much as 18% in premarket trading this morning and managed to continue with its rise that started last week. Over the course of the past week alone, the Lion Group stock has gained as much as 100% and much of that is due to the announcement of a partnership last Friday.

Related:  Tutor Perini's Stock (NYSE: TPC) Falling, Q1 Revenue, Earnings, Balance Sheet

Last Friday, it emerged that Lion Group entered into an agreement with noted blockchain technology expert Yao Yongjie. The signing of the agreement between the two parties was revealed in a securities filing made by Lion Group with the United States Securities and Exchange Commission. In addition to his credentials as an expert on blockchain technology, Yongjie is also the chairman of the board of directors at Grandshores Technology Group Limited.

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.