LZG International Inc (OTCMKTS:LZGI) Stock Jumps After Key Update

LZG International Inc (OTCMKTS:LZGI) is one of the global leaders in the powerful and user friendly artificial intelligence solutions space for enterprises. The company announced yesterday that it was generating record revenues and believed that its fourth fiscal quarter results for the period ended March 31, 2023 would prove to be another strong one.

Trading Data

On Wednesday, LZGI stock soared 10% to $0.4400 with 46.84K shares, compared to volume of 20.46K shares. The stock moved within a range of $0.3860 – 0.4500 after opening trade at $0.4000.

LZG announced that the revenues growth would surpass the 130% average quarterly growth that it had achieved during the first three months of the fiscal year. The company announce that its artificial intelligence has continued to grow fast and went on to note that it expected its calendar revenue projections of $72 million to be beaten.

LZG also announced that it had also been successful in validating its AI 2.0 solutions with some of the leading organizations of the world. Some of those organizations include Bank of America, Samsung, IBM and Pilgrim’s Pride. The company is now focusing on bringing these AI 2.0 solutions to smaller enterprises and businesses. The company mainly caters to small and medium sized businesses, which make up as much as 90% of its total business. The company helps these businesses in simplifying decision making.