Light (OTCMKTS:LGSXY) Trading Up 6.1% – Here’s What Happened

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

Light Price Performance

The firm has a 50 day moving average of $0.75 and a 200 day moving average of $0.95.

Light Announces Dividend

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

Light Company Profile

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.