LCG Shares Jump 50% as Company Issues Share Price Movement Statement
- Despite the jump today, shares of the company are trading close to 68 per cent lower than a year ago.
In an abrupt move on the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term this morning, shares of London Capital Group Holdings plc (LON:LCG) have increased by 50 per cent after the market open. The company has issued an announcement highlighting that there is no material reason for the move.
The Board of Directors of LCG outlined that the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term this morning is not a direct result of any material developments. The announcement has also reminded investors that the firm is looking to boost its regulatory capital in the coming weeks in order to take advantage of the new platform that it began offering since the start of 2016.
London Capital Group Holdings plc (LON:LCG) originally announced its regulatory capital boost intentions late in April. The company launched a redesigned website in the beginning of the year and has committed to invest more to return to growth.
The pretax loss of the firm for 2015 amounted to £14.5 million, which is in part due to the adverse effects of the Swiss franc’s abrupt move in January last year, when a number of brokerages from the industry marked significant losses.
Shares of London Capital Group Holdings are currently trading back at 6 pence per share after earlier this morning reaching as high at 8 pence per share. The firm’s stock is trading 75 per cent lower than a year ago.
In an abrupt move on the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term this morning, shares of London Capital Group Holdings plc (LON:LCG) have increased by 50 per cent after the market open. The company has issued an announcement highlighting that there is no material reason for the move.
The Board of Directors of LCG outlined that the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term this morning is not a direct result of any material developments. The announcement has also reminded investors that the firm is looking to boost its regulatory capital in the coming weeks in order to take advantage of the new platform that it began offering since the start of 2016.
London Capital Group Holdings plc (LON:LCG) originally announced its regulatory capital boost intentions late in April. The company launched a redesigned website in the beginning of the year and has committed to invest more to return to growth.
The pretax loss of the firm for 2015 amounted to £14.5 million, which is in part due to the adverse effects of the Swiss franc’s abrupt move in January last year, when a number of brokerages from the industry marked significant losses.
Shares of London Capital Group Holdings are currently trading back at 6 pence per share after earlier this morning reaching as high at 8 pence per share. The firm’s stock is trading 75 per cent lower than a year ago.