As another trading week begins, it is also the time when investors could do well to take a look at some of the stocks which clocked considerable gains last week. One of the stock to have emerged as a major favourite among investors last week was the Legends Business Group Inc (OTCMKTS:LGBS) stock.
The Legends Business Group stock managed to clock gains of as much as 53% last week and it is likely to be in focus among investors this week. There was no news about the company last week but back on July 8, Legends Business Group provided a corporate update.
The company revealed that the new Chief Executive Officer and President of the company Paul Bakajin has been working on steps to turn the business around ever since he took over earlier on this year in January.
One of the more important updates provided by Legends Business Group was related to the payment of fees to the OTC Markets Group. In addition to that, it was also announced that at this point, the company is working with the OTC Markets Group in order to get current status with regards to its disclosures and financial reports.
Market Reaction:
On Friday, LGBS stock gained 0.50% at $0.0107 with more than 31.64 million shares, compared to its average volume of 31.38 million shares. The stock had moved within a range of $0.0091 – 0.0120 after opening the trade at $0.0114. Over the past 52-week, the stock has been trading within a range of $0.0002 – 0.0137.
 Stock Surged 53% Last Week: Here is Why){kind=link}