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Here’s Why Sealand Capital Shares Surged 45% Today

Tencent HQ
Simon Mugo

Shares of Sealand Capital Galaxy Ltd (LON: SCGL) today surged 57.1% despite the company not making any big announcements as investors bought the company’s shares causing its share price to rise.

The last significant announcement form the company was on September 1st when it announced the introduction of the Qiaohuajiao brand of fish maw into mainland China and the brand recognition that it had built since the summer.

The company’s marketing efforts had paid off immensely since introducing the fish into the market on 8 July 2020.

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Sealand Capital describes itself as a company that provides financial and strategic support to entrepreneurs and this is clear from its partnerships with WeChat and Tencent to provide seamless services in HongKong and across the world.

The company’s shares are trading near its all-time lows and may present an excellent opportunity for long-term investors and medium-term swing traders in equal measure.

Sealand Capital share price

Tradingview chart of Sealand Capital share price 18092020

Sealand Capital shares today rallied 57.1% to trade at 2.20p having risen from Thursday’s closing price of 1.40p.

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Simon Mugo
Simon Mugo
Contributor

Simon ist Autor und Analyst für den Bereich Finanzwesen und blickt auf über sechs Jahre professionelle Erfahrung als Trader zurück. Er absolvierte einen Bachelor in Mathematik und Informatik und hat eine Leidenschaft für die Finanzmärkte. Simon handelt FX, Rohstoffe und Aktien. Er konzentriert sich auf Price Action Trading.