Urban One (UONE) Extends Its Gains, After Making Progress With The Virginia Casino Plan.

Let’s have a look at a quick summary of the firm. UONE.K ($4.98) is selling at a discount to my fair value estimate ($14.12). Over the last year, UONE.K outperformed the US Media industry, which returned 43.8%. Weekly Volatility: Weekly volatility for UONE.K has fallen from 27% to 16% over the last year, but it is still greater than 75% of US equities.
Cathy Hughes, Chairperson of Urban One Inc. (Photo: Antoine DeBrill) – The  Hype MagazineTake into account the most recent information After the Richmond City Council accepted a media company’s proposal for a casino project in May, Urban One surged for a second day. On Wednesday, the stock of Urban One (UONE) – soared over 30% after the media company’s proposed casino project in Richmond, Virginia was approved by the Richmond City Council in May.

A local government commission selected the Urban One casino proposal for approval last month. According to Bloomberg News, the city council has yet to vote on the deal’s terms. A referendum on the project will be placed on November 2 if it is approved. What is the end result? The company has a lot of potentials, and investors should keep an eye on it. The remarks, opinions, and analyses presented here are offered solely for informational reasons and should not be construed as personalized investment advice.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.