International Land Alliance (OTCMKTS:ILALD) Stock Jumps 41.7% – Here’s Why

International Land Alliance, Inc. (OTCMKTS:ILALD) was up 41.7% on Wednesday. The company traded as high as $2.18 and last traded at $1.97. Approximately 6,984 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 11,827 shares. The stock had previously closed at $1.39.

International Land Alliance Trading Up 41.7%

The stock has a market cap of $4.72 million, a PE ratio of -0.79 and a beta of -0.78. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $2.95 and a two-hundred day simple moving average of $5.24.

About International Land Alliance

International Land Alliance, Inc is a real estate development company focused on acquiring, planning and selling residential land and related properties. The company’s activities have primarily centered on the development of master-planned communities and residential lots in Mexico.

International Land Alliance has focused on opportunities in Baja California, including areas near major population centers and coastal destinations. Its business may include land acquisition, entitlement and infrastructure development, marketing, and the sale of finished or partially developed residential parcels to individual buyers and investors.

The company’s projects have been marketed for residential, vacation and retirement use, with an emphasis on communities that offer access to recreational and coastal amenities.