SOS also has an involvement in the cryptocurrency mining business. SOS provides information security solutions for emergency roadside assistance, emergency healthcare, and emergency living assistance. SOS is a Chinese company involved in providing cloud-based emergency services to businesses and individuals. SOS shares closed at $5.50 on Monday for a loss of 15% but at the time of writing SOS shares are up 11% in Tuesday's pre-market, go figure! SOS shares are taking investors on a volatile ride of late as the stock struggles for direction amid competing analysis. SOS shares are currently back ot levels seen in mid February, prior to the spike up to nearly $16. SOS shares ahve taken retail investors on a volatile ride like alot of meme stocks in 2021.
STOCK NEWSFLOW UPDATE
Update March 11: Shares in SOS continue to struggle, having retreated from highs of nearly $16 in February. Shares in SOS are currently trading at $6.40 up 1.2% in Thursday's regular session.
SOS said it expects to mine at least 41 bitcoins and 909 etherum in Q1 2021. SOS also said it was awarded its first Bitcoin on Feb 24 from successful mining activities. Update March 15: Shares in SOS surged by over 20% on Monday to $7.95 as SOS announced it had installed an extra 5,000 pieces of crypto mining rigs. SOS says expects to mine at least 41 Bitcoins in Q1.SOS sees strong retail investor interest as Bitcoin remains bid!.
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