What's Going On With MicroAlgo (MLGO) Stock?

MicroAlgo Inc (VENAF) shares are trading higher by 13.2% to $12.15 during Tuesday’s session. The stock is volatile after trending across social media platforms and gaining some 400% over the trailing five sessions.

What To Know: MicroAlgo (VENAF) on Monday announced plans to issue new shares to fulfill its $20 million convertible bond agreement, signed on October 7, 2024. The bonds, set to mature in 360 days, allow conversion into common shares at 70% of the lowest closing price over the past 60 trading days.

Creditors have formally requested share issuance at $0.80 per share to settle the debt. In line with the agreement, MicroAlgo (VENAF) will proceed with the issuance.

Read Also: What’s Going On With Oklo Stock Today?

How To Buy MLGO Stock

By now you're likely curious about how to participate in the market for MicroAlgo (VENAF) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, MLGO has a 52-week high of $509.60 and a 52-week low of $1.11.