Light (OTCMKTS:LGSXY) Shares Down 8% – Here’s What Happened

Light S.A. (OTCMKTS:LGSXYGet Free Report)’s stock price dropped 8% during trading on Thursday . The company traded as low as $0.3865 and last traded at $0.3865. Approximately 113 shares were traded during trading, a decline of 98% from the average session volume of 5,684 shares. The stock had previously closed at $0.4201.

Light Price Performance

The firm’s 50-day simple moving average is $0.74 and its two-hundred day simple moving average is $0.84.

Light Company Profile

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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.

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