Big Screen Entertainment Group (OTCMKTS:BSEG) Stock Gains Momentum After The News

This past Friday the Big Screen Entertainment Group (OTCMKTS:BSEG) stock emerged as one of the notable movers as it ended the day with gains of as much as 8% amidst considerable interest. On Friday it emerged that the company had decided to further harness the success that it had tasted with release of Avenger Field, its very first book.

Trading Data

On Friday, BSEG stock surged 8.23% to $0.0296 with 80.29K shares, compared to volume of 15.19K shares. The stock moved within a range of $0.0218 – 0.0296 after opening trade at $0.0218.

Big Screen Entertainment Group Adapts Bestseller Book “Avenger Field” Into Audiobook

The company announced at the time that it was working on the development of an audio drama adaptation of the story in the book that is going to be based on America’s female pilots during the Second World War. Big Screen noted that the audio drama is going to go into Audible in 2023 and is going to be complemented with an extensive cast of highly experienced actors.

The move from the company to go for a radio style play based on the book due to the recent rise in popularity of such radio dramas. The writing and development of Big Screen had created Avenger Field. The latest development came as a source of considerable excitement for investors and it is going to be interesting to see if the Big Screen stock continues to add to its gains or not.

Key Quote

“Audio drama gives us another opportunity to share the tale of these inspirational women and Big Screen is thrilled to be expanding into such a surging source for storytelling,” said BSEG Chief Executive Kimberley Kates.

Technical Data

BSEG stock is trading below the 20-Day and 50-Day Moving averages of $0.0315 and $0.0337 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0398.