In recent years, Mixed Martial Arts has emerged as one of the most popular forms of sports entertainment in the world and investors looking for options to cash in on the popularity could consider taking a look at the B2Digital Inc (OTCMKTS:BTDG) stock.
The company, which claims to be ‘the premier development league in MMA’, came into considerable focus among investors yesterday and its stock rallied by as much as 42%. There has been no news about B2Digital in recent days but it seems that the stock is getting traction since it could be a strong post-pandemic play.
In this regard, it is important to note that although the coronavirus pandemic came as a major blow to its business, it also allowed B2Digital to boost the size of its fitness facility network fourfold. While that was still a risk, it allowed the company to raise its core capacity on the cheap and that is expected to help B2Digital when the United States finally opens up completed following the pandemic. Mass vaccination has also come as a major boost for the company since its major expansion drive is now poised to bear fruit. Hence, it is a stock that could be added to the watch lists by investors.
Market Reaction:
On Tuesday, BTDG stock soared 42% at $0.0051 with more than 717.83 million shares, compared to its average volume of 18.08 million shares. The stock had moved within a range of $0.0040 – 0.0114 after opening the trade at $0.0040. Over the past 52-week, the stock has been trading within a range of $0.0025 – 0.0350.
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