RTTNews | Dec 28, 2021 10:26AM EST

10:26 Tuesday, December 28, 2021 (RTTNews.com) - Shares of nano-cap company Insignia Systems, Inc. (ISIG) surged over 60% on Tuesday morning despite no stock-related news statement from the company. The stock has surged over 250% after it announced early this month that it is exploring strategic options.

ISIG is currently trading at $18.58, up $7.04 or 60.99%, on the Nasdaq, on a heavy volume of 13 million shares, far above the average volume of 3.8 million shares.

Insignia Systems provides in-store and digital advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages in the United States.

In early December, Insignia Systems announced the commencement of a formal process to explore strategic options to maximize shareholder value, which include acquisition, merger, business combination, in-licensing, or other strategic transaction.

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