Last Thursday, the US Lighting Group Inc (OTCMKTS:USLG) stock had emerged as one of the major mover in the market following an announcement from Cortes Campers LLS, which is one of its business units. Cortes Campers announced that it had bagged purchase orders to the tune of as much as $155,000 from the new distributors in Florida and Oregon.
Market Action
On Thursday, USLG stock soared 41.63% to $0.0567 with 136k shares traded, compared to its average volume of 10K shares. The stock has moved within a range of $0.0400 – 0.4420 after opening trade at $0.05.
Cortes Campers Received Initial Purchase Orders of $1.15 Million from Its Florida and Oregon Distributors
It goes without saying that the news was a significant one and hence, it was no surprise that the stock soared by as much as 42% on Thursday as investors piled on to it in a big way.
Hence, it now remains to be seen if the stock continues to be in focus among investors this week and maintain the momentum. Cortes Campers is known for selling a travel trailer that is made of 100% fiberglass and is engaged in selling those trailers through its network of distributors.
The President and Chief Executive Officer of US Lighting Group, Anthony Corpora spoke about the development as well. He stated that everyone at the company was ‘thrilled’ after Cortes Campers managed to bag these orders from the pair of distributors. At this point, it may be a good move to keep an eye on the US Lighting Group stock.
Key Quote
Anthony Corpora, CEO and President of US Lighting Group stated, “We are thrilled to announce we have received orders from Kamper Korner RV in Oregon and Gerzeny’s R.V. World in Florida to purchase and sell the Cortes Campers product line through their RV Dealerships. Cortes Campers is dedicated to building the best RV product possible in the industry to meet the needs of consumers looking for a higher quality product.”
Traders Note
USLG stock is trading above the 10-Day and 20-Day Moving averages of $0.0495 and $0.0535. Moreover, the stock is trading is the neutral zone with RSI stands at 48.
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