Stock Alert: LM Funding America Surges 160%

By RTTNews Staff Writer ✉ | Published: 6/17/2020 10:06 AM ET

Shares of LM Funding America, Inc. (LMFA) surged over 160% on Wednesday morning despite not stock-related news to drive the company's shares.

LMFA is currently trading at $2.88, up $1.78 or 161.8182%, on the Nasdaq.

LM Funding America, through its subsidiary, LM Funding, LLC, operates as a specialty finance company. It provides funding to nonprofit community associations primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois.

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