Ludwig Enterprises Tanks Further after Multi-Million License Agreements (LUDG)

Ludwig Enterprises (OTC: LUDG) tanked deeper today, falling a dismal 43.3%, and closed at a share price of $0.17.

The company’s recent multi-million dollar license agreements couldn’t rescue its stock from continued decline, but the volume of the stock did stay up at 109,368 shares today, bypassing its average of 48,218. Investors may be hanging on to their hope of Ludwig Enterprises bouncing back in the near future.

Ludwig’s 2012 performance has been disheartening, with a total loss of 99.79% in share price, after the 1:350 stock split on February 15, 2012.

To further understand Ludwig’s stock performance, here are some of the company’s recent headlines, which include several multi-million dollar license agreements for deployment at different locations:

For anyone not familiar with Ludwig Enterprises, it is a Nevada based technology company with regional offices in Pompano Beach, Florida. Ludwig has patented a revolutionary new method of radio broadcasting over unused digital television spectrum. This technology attaches 50 new digital radio channels to an existing digital television broadcast signal.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.