Concorde International Group (NASDAQ:CIGL) Shares Up 24.8% – Time to Buy?

Concorde International Group Ltd. (NASDAQ:CIGL)’s stock price traded up 24.8% during mid-day trading on Monday . The stock traded as high as $2.85 and last traded at $2.20. 1,033,658 shares traded hands during trading, an increase of 4,845% from the average session volume of 20,901 shares. The stock had previously closed at $1.7631.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Concorde International Group in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Concorde International Group Trading Up 24.8%

The business has a fifty day simple moving average of $1.94 and a 200-day simple moving average of $3.53.

Concorde International Group (NASDAQ:CIGL) last released its earnings results on Monday, September 29th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $2.99 million for the quarter.

About Concorde International Group

Concorde International Group, Inc (NASDAQ: CIGL) is a diversified holding company operating through a portfolio of subsidiaries that deliver digital asset mining solutions, strategic consulting services and security compliance offerings. Headquartered in Reno, Nevada, the company leverages its technical and advisory expertise to support clients in emerging technology sectors, traditional industries and regulated markets.

In its digital asset mining segment, Concorde International Group designs, constructs and operates high-capacity cryptocurrency mining facilities across North America.