Local Bounti (NYSE:LOCL) Trading 71.9% Higher – Here’s Why

Local Bounti Co. (NYSE:LOCLGet Free Report) rose 71.9% during trading on Monday . The company traded as high as $2.20 and last traded at $2.20. Approximately 202,534 shares traded hands during trading, an increase of 1,711% from the average daily volume of 11,183 shares. The stock had previously closed at $1.28.

Local Bounti Stock Performance

The firm’s fifty day moving average price is $2.16 and its 200 day moving average price is $2.50. The firm has a market cap of $19.04 million, a P/E ratio of -0.12 and a beta of 2.33.

About Local Bounti

(Get Free Report)

Local Bounti Corporation grows and packs fresh greens in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.

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