International Land Alliance (OTCMKTS:ILALD) Stock Price Up 41.7% – Here’s Why

Shares of International Land Alliance, Inc. (OTCMKTS:ILALD) shot up 41.7% during mid-day trading on Wednesday. The stock traded as high as $2.18 and last traded at $1.97. 6,984 shares traded hands during trading, a decline of 41% from the average session volume of 11,827 shares. The stock had previously closed at $1.39.

International Land Alliance Trading Up 41.7%

The company has a market capitalization of $4.72 million, a P/E ratio of -0.79 and a beta of -0.78. The business has a 50 day moving average price of $2.95 and a 200 day moving average price of $5.24. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.29.

About International Land Alliance

International Land Alliance, Inc is a real estate development company focused on acquiring, planning and selling residential land and related properties. The company’s activities have primarily centered on the development of master-planned communities and residential lots in Mexico.

International Land Alliance has focused on opportunities in Baja California, including areas near major population centers and coastal destinations. Its business may include land acquisition, entitlement and infrastructure development, marketing, and the sale of finished or partially developed residential parcels to individual buyers and investors.

The company’s projects have been marketed for residential, vacation and retirement use, with an emphasis on communities that offer access to recreational and coastal amenities.