Oxford Lane Capital Shares Surge as Discount to NAV Attracts Investors

Oxford Lane Capital concluded its final trading session before the Thanksgiving holiday with notable upward momentum, as its shares climbed to $14.56. This closing price represented a single-day advance of 2.32 percent, extending a short-term recovery trend that has seen the stock move decisively away from its recent 52-week lows.

The positive momentum is underscored by a three-day winning streak. On Monday, the business development company’s equity gained over five percent, followed by an additional 2.08 percent rise to $14.23 on Tuesday. The upward price movement was accompanied by robust trading volume, indicating strong investor participation.

A key factor drawing market attention is the substantial gap between the current share price Read more...