Legend Internet Surges Amid Strong Q1, Market Momentum
Legend Internet Plc continues to draw investor attention with a significant 9.88% price uptick, rising from N5.87 to close at N6.45 as of June 11, 2025. Since its listing on the Nigerian Exchange (NGX) at N5.64, the stock has demonstrated solid volatility, reaching a 52-week high of N10.00 and a low of N5.34.
Despite oscillating between N5.00 and N7.00 in recent months, the stock’s rebound to N6.45 signals renewed investor interest, particularly with technical support from its 50-day and 200-day moving averages, both positioned at N7.79.
The current price reflects a potential 15.13% upside toward the near-term target of N7.60, aligned with a favourable market trajectory and positive sentiment surrounding its Q1 2025 unaudited financial results. These results point to a growing operational base and improving fundamentals.
Recommendation Outlook: “ACCUMULATE/BUY”
With the current trend and financials in view, Legend Internet Plc is recommended as an “ACCUMULATE/BUY”, offering a compelling opportunity for near-term capital appreciation #Legend Internet Surges Amid Strong Q1, Market Momentum#
