This past Thursday, the GBX International Group Inc (OTCMKTS:GBXI) stock managed to make a recovery after having gone through a pretty tough period and ended the day with gains of 8%.
Market Action
On Thursday, GBXI stock moved up 8.33% to $0.3903 with 253k shares, compared to its average volume of 339K shares. The stock has moved within a range of $0.3603 – 0.4495 after opening trade at $0.3603.
GBX International Group, Inc. Files Updated Financials Showing Improved Shareholder Equity
However, in this context, it is also necessary to keep in mind that despite the jump on Thursday, the GBX stock is still down by as much as 26% over the past week. In this regard, investors need to take a look at the crucial announcement from GBX International on Thursday. The company stated that it had completed the filing of if disclosures and finances with the OTC Markets.
More importantly, GBX International also stated that the disclosures also reveal that there had been a significant improvement in the company’s balance sheet. Hence, the wave of optimism about the stock among investors on Thursday was perhaps understandable.
The review had been launched after GBX International had acquired a new asset not too long ago. In addition to that, it should not be forgotten that the review had been launched by the company as part of the transition process with regards to a shift to the new core business model from GBX International.
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