Stock Alert: Staffing 360 Solutions Shares Surge 113% In Early Trade

Shares of Staffing 360 Solutions Inc. (STAF) are soaring over 113% in pre-market today on no news. The stock has been trading in the range of $0.28 – $1.40 for the past one year, and closed Wednesday’s trade at $0.79, up 15 cents or 23.78%. Trading volume was over 10.6 million versus an average volume of 394K shares.

STAF is currently trading at $1.68, up 89 cents or 113.74% in pre-market trading session Thursday.

On Sept. 28, Staffing 360 Solutions announced that through its subsidiary Staffing 360 Georgia LLC, the company had completed the sale of substantially all the assets of the company’s firstPRO 360 business for $3.3 million in cash.

The company has planned to use the proceeds from the sale of firstPRO to redeem shares of preferred stock held by Jackson Investment Group LLC.

Source: Read Full Article