Light (OTCMKTS:LGSXY) Stock Price Up 6.1% – Still a Buy?

Shares of Light S.A. (OTCMKTS:LGSXY) shot up 6.1% during mid-day trading on Wednesday . The company traded as high as $0.70 and last traded at $0.70. 2,018 shares were traded during trading, an increase of 17% from the average session volume of 1,729 shares. The stock had previously closed at $0.66.

Light Stock Performance

The business has a 50 day simple moving average of $0.76 and a 200-day simple moving average of $0.95.

Light Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 9th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0007 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a dividend yield of 0.08%. Light’s payout ratio is 106.20%.

About Light

Light SA, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric power in Brazil. The company distributes electricity in the state of Rio de Janeiro. It also engages in the research, planning, building, operation, and exploration of generation and transmission systems; purchase, sale, import, and export of electric and thermal power, and gas and industrial utilities; provision of consulting services in the energy sector; lease of real estate and personal properties; acquisition and sale of goods related to the studies and projects; implementation, operation, and maintenance of construction works and facilities; and trading activities.