i3 Interactive (OTCMKTS:BLITF) stock is rising higher on Thursday despite a lack of news from the mobile gambling company.
Even without news, we’re seeing heavy trading of BLITF stock today. That has more than 1.5 million of the company’s shares changing hands as of this writing. For the record, the company’s daily average trading volume is only about 12,000 shares.
Keeping in mind the low price point of BLITF stock, what we’re seeing today is likely a pump by retail traders. That would explain the heavy trading on now news and penny stocks are incredibly vulnerable to pump and dumps. As such, traders will want to be careful about taking a position in the company today.
With that out of the way, let’s dive into everything potential traders need to know about i3 Interactive below!
- i3 Interactive is a mobile company that offers gambling through its online casino and sports betting platforms.
- The brands it operates include Blitzbet, Blitzpoker, Blitzpools, and Linemovement.
- Leading the company is CEO Troy James Grant.
- He’s the former CEO of Elcora Advanced Materials (OTCMKTS:ECORF).
- The company is based out of Vancouver, British Columbia, Canada.
- It’s still a fairly new venture having only been founded in 2020.
- The company’s market capitalization is $32.495 billion.
BLITF stock is up 231.9% as of Thursday morning but is still down 6.3% since the start of the year.
Investors looking for more stock market news are in the right place!
We’ve got all the most recent stock traders need to know about. That includes this morning’s pre-market stock movers, as well as the latest news concerning Sono Group (NASDAQ:SEV) and Acasti Pharma (NASDAQ:ACST). You can find all of that at the links below!
More Thursday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday
- SEV Stock Alert: What Is Going on With Solar EV Play Sono Group Today?
- ACST Stock Price Predictions: Why One Analyst Sees Acasti Rocketing to $6
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed
