Great things are happening in real estate these days, as that sector pulls it out of its pandemic lethargy.
The sector gained 2.6% Wednesday in New York, and while the sector was also on the march in Canada (gaining 3.9%), none of the individual components were within this section’s criteria for price.
Lakewood, New Jersey-based Reliance Global Group, Inc. (OTC: RELI) has a conference call set for late Wednesday afternoon. Taking place after press time, the call will include a more detailed update on the firm’s progress, including its real estate and insurance strategies, which is to be followed by a question and answer session.
CEO Ezra Beyman is going into the call with a head of steam, saying. “Overall, I am more encouraged than ever about the outlook for the company. I have personally funded the company over $5 million to date, and have an open program to fund employees to purchase the Company's common shares in the open market, both of which illustrate my confidence in the outlook for the business.”
RELI shares scaled the heights, gaining three cents, or 11.1%, to 30 cents mid-afternoon, on volume of 244,000 shares.
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