(24/7 MARKET NEWS) NextPlay Technologies, Inc. (NASDAQ: NXTP) announced, this morning, that it agreed to sell the company’s travel business, NextTrip Group, LLC, and its 51% ownership of Reinhart Digital TV (the 100% owner of Zappware) to Vancouver-based TGS Esports Inc. (TSX-V: TGS, OTC: TGSEF). Transaction closing remains subject to other conditions and approvals.
NextPlay is trading higher in premarket at $0.51, up $0.13 (+35.93%), on 2,946,059 premarket shares traded, and hit a high of $0.65 this morning. NextPlay has challenged this price point resistance a few times over the past month, but failed. However, if NextPlay can breakthrough this level, on significant volume, that would be a likely confirmation of a reversal of the downward trend in its share price that started in October.
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