On Thursday Oxbridge’s stock NASDAQ: OXB rose to $1.33. Starting from 9:00 AM EDT the stock surges 55.26% to $2.07 by increasing the daily volume to 12 million shares. People are ready to pay for insurance after the lockdown, soon reinsurance companies will face rising revenues.
To become reinsurer the company must have a long stable story and virtue reputation in several markets. Unfortunately, they are not so many as it takes very long to nurture solid ones.
Healthy balance sheet
Oxbridge has little amount of liabilities as compared to equity. Such a company must have that foundation to back insurers up in case of urgency.
So-so income statement
Q1 2020 revenue as we all know should have been fallen due to pandemic but previous quarterly revenues caused net loss thus putting the company at risk.