Light (OTCMKTS:LGSXY) Shares Up 4.8% – What’s Next?

Light S.A. (OTCMKTS:LGSXY) shot up 4.8% during mid-day trading on Thursday . The stock traded as high as $1.0477 and last traded at $1.0477. 903 shares were traded during trading, a decline of 50% from the average session volume of 1,818 shares. The stock had previously closed at $1.00.

Light Stock Performance

The company has a fifty day simple moving average of $0.92 and a 200-day simple moving average of $0.94.

Light Company Profile

Light SA, trading over-the-counter as LGSXY, is a Brazil-based integrated electric utility primarily active in the state of Rio de Janeiro. The company holds long-term distribution concessions covering dozens of municipalities, supplying power to millions of residential, commercial and industrial customers. Headquartered in Rio de Janeiro city, Light maintains a network of high- and medium-voltage lines, substations and metering infrastructure to ensure reliable service across its concession area.

In addition to its core distribution business, Light develops and operates a portfolio of hydroelectric generation assets located in southeastern Brazil.