Lingerie Fighting Championships (BOTY) Stock Rockets 50%: Here is Why

If you are currently on the lookout for stocks before the start of the new trading week then it might be a good move to perhaps take a look at the Lingerie Fighting Championships Inc (OTCMKTS:BOTY) stock.

The stock emerged as one of the biggest movers this past Friday and managed to record gains of as much as 50% following a major announcement from the company. The company announced on Friday that it started a partnership with Scuffle LLC by way of which a Lingerie Fighting Championships channel named LFC Network is going to be launched on Roku.

It is a significant development for the company and the rally in the stock is perfectly understandable. Shaun Donelly, the Chief Executive Officer of the company, spoke about this development as well. He stated that it has been one of his targets to have a channel belonging to Lingerie Fighting Championships. However, he went on to add, that the company first a certain amount of content in place before it could launch its own channel.

Lingerie Fighting Championships has as many as six events scheduled this year and hence the existence of a channel is expected to come as a boost for the company.

Market Reaction:

On Friday, BOTY stock soared 50% at $0.0024 with more than 786.68 million shares, compared to its average volume of 52.94 million shares. The stock has moved within a range of $0.0022 – 0.0032 after opening the trade at $0.0023. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0089.