Why is Lion Group Holding (LGHL) Having Triple-Digit Rally Today?

Before the commencement of the trading day, it is always a good idea to take a look at the action in premarket trading hours, and this morning, the Lion Group Holding Ltd – ADR (NASDAQ: LGHL) stock has made considerable gains already.

The company, which operates all in one trading platform, saw its stock soar by as much as 132% this morning. Hence, it could be a good idea to take a look at the recent events in relation to Lion Group.

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There has been no news this morning but the rally could be linked to the announcement made by the company on December 21 last year. The company announced at the time that it completed a private placement of its shares through a share subscription agreement and managed to raise as much as $10 million.

It goes without saying that it was a significant development for the company and one that might have been picked up by investors. Investors could keep track of the Lion Group stock this morning.

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Jack Dawkins

Finance and Tech Contributor