Penny Stocks To Buy [or sell]: Lianluo Smart Ltd.
Lianluo Smart Ltd (LLIT) also saw several surges in stock price throughout the March 30 session. After opening around $0.44, the first jaunt saw LLIT stock jump to around $0.60. After pulling back, the penny stock managed to go on another move to new highs of nearly $0.65 before closing around $0.63.
The company provides smart services and products for the medical industry. The company has a product designed for respiratory solutions. So the obvious reaction could be bullish based on the coronavirus’s impact in China, specifically. One thing the company has been busy with lately is raising money. Almost every other week it would seem we hear about another raise for a few million dollars. Most recently the company filed a statement for the resale of up to 11 million of its common shares held by selling shareholders.
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Considering the intensifying concern over coronavirus right now, attention around related stocks has also intensified. Since the company develops wearable respiratory devices it makes sense as to why it raised some eyebrows. But will the latest surge in momentum be enough to see it continue into April?
