GlassBridge Enterprises (OTCMKTS:GLAE) Trading Up 150%

GlassBridge Enterprises, Inc. (OTCMKTS:GLAE)’s stock price rose 150% during trading on Wednesday . The company traded as high as $175.00 and last traded at $175.00. Approximately 3 shares traded hands during trading, a decline of 97% from the average daily volume of 104 shares. The stock had previously closed at $70.00.

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.77. The company’s 50 day simple moving average is $102.41 and its two-hundred day simple moving average is $69.03.

About GlassBridge Enterprises (OTCMKTS:GLAE)

GlassBridge Enterprises, Inc, through its subsidiary, Adara Asset Management LLC operates owns and operates an asset management business and a sports investment platform in the United States. It offers investment advisory services, including management of composition of each fund's portfolio, conducting investment research, monitoring compliance, risk management, and distributing regulatory reports to third party investors through managed funds, as well as separate managed accounts.

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