Why Visionary Holdings Inc. (GV) Soared on Thursday

We recently published an article titled Micro-, Small-Cap Firms Dominate Market Rally. In this article, we are going to take a look at where Visionary Holdings Inc. (NASDAQ:GV) stands against the other stocks.

The stock market pulled back to the red territory on Thursday, with all major indices posting significant losses as tariff threats continued to rattle investors.

The tech-heavy Nasdaq posted the largest loss, down 2.61 percent, followed by the S&P 500 with 1.78 percent, and the Dow Jones with 0.99 percent.

On Thursday, 10 micro and small-cap companies defied a broader market decline, with their share prices jumping by as much as double digits. One company stood out, soaring more than 300 percent during the session.

To come up with Thursday’s top performers, we considered the stocks with the highest day change performance.

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Visionary Holdings Inc. (NASDAQ:GV)

Visionary Holdings Inc. (NASDAQ:GV) increased its share prices by 32.34 percent on Thursday to end at $4.89 apiece as investor appetite was fueled by news that it reached a $1-billion financing consent letter with the Alfardan Group of Qatar to accelerate research, development, and global expansion of its PEGASUS new energy vehicles.

While details of the financing were not divulged, investors took heart on the recently clinched financing’s potential to support and bolster the company’s business growth.

In the past three trading days alone, Visionary Holdings Inc. (NASDAQ:GV)’s stock price already surged by 260 percent.

Headquartered in Toronto, Visionary Holdings Inc. (NASDAQ:GV) recently announced that it officially launched PEGASUS and that it aims for the latter to be the number one brand in the automotive industry ecosystem of an independently developed brand in Canada.

Overall GV ranks 4th on our list of Thursday’s top performers. While we acknowledge the potential of GV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GV but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.