Valiant Eagle Inc (OTCMKTS:PSRU) Stock Gains After Deal to Launch American Basketball Association Video Game

This morning VE Gaming, a subsidiary of Valiant Eagle Inc (OTCMKTS:PSRU) is in the news after the company announced another major milestone. The company announced this morning that it had been successful in inking a licensing agreement with the American Basketball Association.

Trading Data     

On Monday, PSRU stock increased 25% to $0.0005 with more than 55.16 million shares, compared to volume of 64.63 million shares. The stock moved within a range of $0.0003 – 0.0005 after opening trade at $0.0004.

VE Gaming Signs Deal to Launch American Basketball Association Video Game

Thanks to this agreement, it will now be possible for VE Gaming to create a video game that is officially licensed by the ABA. It could prove to be a major new milestone for the company and one that could be a source of excitement for investors as well. The company announced that it believes that there could be considerable potential in a video game focused on the ABA. It noted that the NBA 2K franchise has continued to be successful and that was another reason behind the excitement about the latest agreement.

A paper published by Grand View Research noted back in 2021 that the total size of the video game market stood at $195.65 billion. The same report also stated that by 2030 the size of the same market could be worth as much as $583.69 billion. The company is looking to create a whole new experience for gaming enthusiasts and especially those who are fans of the NBA.