BIGG Digital Assets Inc (OTCMKTS:BBKCF) has been in considerable focus among investors this week and yesterday, the company’s stock soared by as much as 35% in response to the announcement of its strong second quarter performance earlier on in the week.
The company owns two separate businesses. One of those is Netcoins, its Canada based cryptocurrency exchange and other is the blockchain technology data analytics solutions outfit Blockchain Intelligence Group. The company announced earlier on this week that it managed to generate record revenues of as much as $4.6 million in the second quarter and that was the main trigger behind the strong rally in the stock yesterday.
One of the more notable aspects of BIGG Digital Assets’ performance in the quarter was the stupendous numbers deliver by Netcoins. That arm of the business alone generated revenues to the tune of as much as $4.2 million.
The reflected a sequential rise of 26% but more importantly, it reflected a year on year boost of as much as 1900%. In addition to that, the number of active users at Netcoins soared to around 19000 at the end of the quarter, which reflected a year on year rise of a staggering 1880%.
Market Reaction:
On Wednesday, BBKCF stock soared 35% to $0.9872 with more than 3.32 million shares, compared to its average volume of 2.46 million shares. The stock had moved within a range of $0.8100 – 1.0100 after opening the trade at $0.8392. Over the past 52-week, the stock has been trading within a range of $0.2900 – 4.0070.
 Stock Comes Back Strongly: But Why?){kind=link}