Yesterday, BIGG Digital Assets Inc (OTCMKTS:BBKCF) was in the news after the company announced its financial results for the second fiscal quarter. The company is best known for owning the cryptocurrency brokerage firm Netcoins and the blockchain technology developer Blockchain Intelligence Group.
BIGG Digital announced yesterday that it generated revenues of around $4.6 million in the second fiscal quarter. The announcement also came as a major source of optimism among investors and the stock soared by as much as 6%. However, it should be noted, that despite the jump yesterday, the stock is still down by 26% over the course of the past week.
In this regard, it should be pointed out that the revenues generated by Netcoins came in at around $4.2 million and represented sequential growth of 26%. However, more importantly, it reflected a year on year rise of a staggering 1900%. On the other hand, the number of registered users went up to as many as 80000 at the end of the second quarter. It should also be noted that the number of transactions also went up by as much as 32% on a sequential basis. Investors could do well to keep an eye on the BIGG Digital stock today.
Market Reaction:
On Tuesday, BBKCF stock moved up 5.25% at $0.73 with more than 2.46 million shares, compared to its average volume of 2.54 million shares. The stock had moved within a range of $0.6500 – 0.7993 after opening the trade at $0.6607. Over the past 52-week, the stock has been trading within a range of $0.2900 – 4.0070.
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