There were many stocks that recorded notable gains last week and one of the notable ones was that of Voyager Digital Ltd (OTC: VYGVF). This past week, the stock soared almost 100% and took its gains over the course of the past month to as high as 200%.
Considering the sort of gains made by the stock in recent weeks, it might be a good idea for investors to take a closer look at the stock. Last week, Voyager Digital announced the preliminary revenues for the month of January. The company reported preliminary revenues of around $8.5 million for the month, which is a considerable improvement from the $1.7 million that it generated in December 2020.
However, the company also noted that the preliminary revenues from the period between February 1 and February 4 are expected to be around $2.5 million. The net cash deposits in January were around $120 million. In December, the cash deposits had only been to the tune of $30 million.