climb at no news released and still the reason for the gain remains unknown.Yesterday, LLEG added about 30% to its price, while its traded volume rose up over 102 million shares for the day. As compared to the average volume of approximately 16 million shares, that’s an astonishing move for the stock.
Apparently impressed by the huge price jump, investors started to buy heavily and the gain has begun.
Laidlaw Energy Group is engaged in the development of independent power plants that generate electricity from renewable resources. According to the records, the pink sheets company has not published any news on its activities for about a year and nobody knows what LLEG has been up to lately. Though, the stock keeps climbing up progressively.[BANNER]
Historically, the company has traded much lower and its price could not overcome $0.01 per share. This month, LLEG entered an uptrend, however, we cannot be certain about its duration.
Though, the most striking information about Laidlaw appears to be the fact that the company has not filed any financial reports at all. Above all, that raises many questions on its business and puts an exclamation mark on its stock movement.
