Over the course of the past month or so, the American Leisure Holdings Inc (OTCMKTS:AMLH) stock has declined quite sharply and it continued on Friday. There was no news about the company last week but the stock still tanked by 9% and took its losses for the past month to as much as 45%.
In a situation in which there is no news about a company, it might be a good move from investors to perhaps take a look at the company’s actual business. The company is involved in the development of vacation related real estate property in Orlando and other parts of Florida.
However, in this regard, it is perhaps also necessary to point out that American Leisure Holdings is also involved in providing other forms of services related to the travel industry. For instance, it is also involved in providing customers with travel related products, ticketing services, financial reporting and travel packages among others. Hence, it is clear to see that the company is involved in the travel industry in a big way. While it is true that there has been no news about the company, it might be a stock worth keeping in the watch list.
Market Reaction:
On Friday, AMLH stock fell 9% at $0.0026 with more than 227.05 million shares, compared to its average volume of 66.01 million shares. The stock had moved within a range of $0.0023 – 0.0030 after opening the trade at $0.0025. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0037.
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