Since June 4 NASDAQ: UONE has been attempting to rise significantly while the mostly biotech industry surged. Finally, around 100% change happened today earning $1.85 more and 7,708,016 shares daily volume could be phenomenal while average daily volume barely is made up of 17,787 shares.
Being a media outlet representing black culture in the U.S for a long time Urban One has the most stable number of fans and customers who already became the foundation for its further growth. Even though 12 months based EPS is $-0.4280 the company gets along with the internal funding trouble via taking debts or issuing shares. Media companies never run out of budget because there are so many advertisers looking for effective marketing partners.