DRP Journal

Discover Research Profit

Finance 

SOS Ltd (NYSE:SOS) Stock Is Down 21% in a Month: A Good Opportunity?

Madison Hall , , , ,

It has not been a particularly good time for the SOS Ltd (NYSE:SOS) stock over the course of the past month. The stock has declined sharply and gone down by as much as 21% during that period.

In this sort of a situation, it is important for investors to figure out if it could actually be an opportunity for new investors to get into the stock. The last important news with regards to the company emerged back on June 21 when SOS Limited announced that it signed a joint venture agreement with the company Niagara Development LLC.

Niagara Development is a limited liability company based out of New Jersey and the joint venture with SOS Limited is going to be located in Niagara in Wisconsin. The joint venture, named FD LLC, is going to be involved with is going to be involved with cryptocurrency mining. In addition to that, it is also going to be involved in the construction of an internationally standardised Digital Super Computing Custody Operation Center.

As per the terms of the agreement with regards to the joint venture, Niagara Development is going to supply as much as 150 MW of electricity. SOS Limited will be responsible for the management and financing of the operations.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.