This Stock Found Massive Mid-Week Success

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Wednesday, January 15, 2025

A Florida-based industrials company found a tremendous amount of success on Wednesday following an announcement that the company executed a binding letter of intent to acquire 100% of New Asia Holding’s outstanding shares, according to a press release. 

Traders wasted no time buying up shares of Safe & Green Holdings Corp. (Nasdaq:SGBX) following the news, with shares of the micro cap reaching up to $1.92/share (+255.56%) at the early session high. This move was a strong breakout of the multi-month downtrend it had been stuck in.

Safe & Green Holdings Corp. is a provider of modular facilities (modules). The Company provides modules made out of both code-engineered cargo shipping containers and wood for use as both permanent and temporary structures for residential housing use and commercial use, including for health care facilities. The Company operates through four segments: construction, medical, real estate development, and environmental. The construction segment designs and constructs modular structures built in its factories using raw materials that are made in the United States. In the medical segment, it uses its modular technology to offer turnkey solutions for medical testing and treatment. Its real estate development segment builds green single or multifamily projects in underserved regions nationally using its modules. The environmental segment offers sustainable medical and waste management solutions that have patented technology to collect waste and treat waste for safe disposal.

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