JX Luxventure Ltd (NASDAQ:JXJT) shares are trading higher by 29.4% to $1.47 during Tuesday's session after its subsidiary, JX Hainan, entered into a $100 million cooperation agreement with Tianjin Auto Trading to market and sell foreign luxury automobiles.
The company says this partnership is expected to further enhance growth and profit margins by combining JX Hainan's expertise in international automotive procurement with Tianjin Auto Trading's sales platform in China.
JX Luxventure also says the collaboration aims to efficiently bring more luxury vehicles to the Chinese market, leveraging Tianjin's sales reach and media expertise to provide logistics, financing solutions and other services.
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How To Buy JXJT Stock
By now you're likely curious about how to participate in the market for JX Luxventure – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of JX Luxventure, which is trading at $1.15 as of publishing time, $100 would buy you 86.96 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, JXJT has a 52-week high of and a 52-week low of