Shares of Aspen Group Inc (OTC BB: ASPU), an online education provider, witnessed an upward share price momentum after rallying more than 16% during each of the past two consecutive trading sessions with huge number of shares exchanging hands. During the last trading session, ASPU was among the top performer in the U.S. technology sector having gained 29.9% breaching the 200-day DMA at $0.17. The stock closed Friday at $0.21 while recording significant volumes of 1.5 million shares. During the past 5-trading sessions, ASPU gained 33.3% while recording daily average trading volumes of 596,306 shares, while the stock accumulated over 56.5% in the past one-month with daily average trading volume of 164,572 shares. The stock is up 19.1% year-to-date. Recently, ASPU closed its previously announced private placement of equity securities worth $5.4 million to institutional and accredited investors, with proceeds to be used for growth and to retire its debentures.
Company Description:
Aspen Group Inc owns and operates Aspen University, a nationally accredited online institution. The company offers Associate, Bachelor, Masters and Doctoral degrees and certificate programs. Aspen Group Inc. is predominantly a Graduate University. The Company accepts financial aid and offers military benefits.
1-Year Stock Chart:
Source: Bloomberg
