A Colorado-based micro cap more than doubled following a company announcement that their digital trading platform is nearing completion. Blackstar Enterprise Group Inc. (OTCQB:BEGI) saw its shares soar after the company is estimating the platform will be complete in the second quarter of this year.
Blackstar is engaged in Merchant Banking and Finance business. The company intends to gain exposure to the blockchain ecosystem through targeted joint ventures in the sector. It also offers consulting and regulatory compliance services to crypto-equity companies.
Traders were extremely bullish on the news as shares traded up to an early session high of $0.15/share (+127.27%) following the news. This move is a strong continuation of the success the stock has had over the last year.
