Shares Up Over +35% On Proprietary Trading Platform Announcement

A Colorado-based company with a market cap of around just $3 million just announced a major step toward success after it announced the company has finalized a production-ready user interface for the proprietary software of the BlackStar Digital Trading Platform. Shares of Blackstar Enterprise Group Inc. (OTCQB:BEGI) rallied on the news.

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 optimistic on the news as shares of this micro cap shot up to an early session high of $0.0319/share (+35.74%). This move is the first sign of life since reaching its 52-week high of $0.15 a few months back, and could be due in part to support being found from levels hit late last year.