Benzinga | Oct 5, 2020 10:34AM EDT

Why Greenpro Capital's Stock Is Trading Higher Today

Greenpro Capital (NASDAQ:GRNQ) shares are trading higher on Monday after the company reported it intends to incubate a satellite communication venture.

Greenpro Capital is a U.S-based company that provides a range of business solutions such as cloud system resolution, financial consulting service, and corporate accounting services to small and mid-size businesses. It focuses on business in Asia, along with Hong Kong, China, and Malaysia and also provides leasing and trading of commercial real estate properties, tax planning, trust, and wealth management.

Greenpro Capital shares traded up 74.31% to $1.90 on Monday. The stock has a 52-week high of $3.12 and a 52-week low of 21 cents.