Micro Cap Gets Major Boost Following Asset Sale Search Announcement

A Las Vegas-based micro cap is catching the eyes of a lot of traders to start the week off after it was announced that its wholly owned subsidiary Ault Global Real Estate Equities, Inc. plans to list for sale its four recently renovated Midwest hotels, the Hilton Garden Inn in Madison West, the Residence Inn in Madison West, the Courtyard in Madison West, and the Hilton Garden Inn in Rockford.

This announcement caused traders to bid up shares of the parent company, Ault Alliance Inc. (NYSE:AULT) sharply during Tuesday’s premarket hours, with traders currently willing to buy shares at $1.27/share (+20.95% implied open for sellers) at the time of writing. This should be an exciting session for this stock!

Ault Alliance Inc is a diversified holding company. It owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles.

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