Las Vegas Railway Express (OTCMKTS:XTRN) is a company in the business of transportation, mostly by railway. The company is currently in the process of developing a luxury railroad service that will connect the tourist cities of Los Angeles and Las Vegas. X-Train is the name of the luxury train service that the company is developing. The company has captured the imagination of investors with its luxury train project.
Luxury train project
Last month, Las Vegas Railway Express (OTCMKTS:XTRN) announced the launch of the engineering operations to develop the new rail line for X-Train. The new train line will be aligned on the west, according to a company announcement.
The U.S. needs more trains to address traffic problem and focus on connecting Los Angeles and Las Vegas is a strategic move by Las Vegas Railway Express (OTCMKTS:XTRN). The latest plan to link up the tourist hubs of Los Angeles and Las Vegas signal a plan deviation by the company. It had originally talked about plans to develop a new rail line that runs between Cajon Pass and Las Vegas while reaching Barstow.
There is not only need to decongest traffic between Los Angeles and Las Vegas, but the company also plots for huge revenue opportunity on the route. Perhaps that would only market the beginning of its aggressive railway market exploits.
Although Las Vegas Railway Express (OTCMKTS:XTRN) amended its original X-Train luxury rail line, the company preserved the original aspect of the whole luxury service plan. According to the company’s CEO, Michael A. Barron, they have already reached out to the local and state regulators to seek their support for the project. The company could invest as much as $200 million for the luxury railway project in the community of Las Vegas, lifting the economy there.
No stock promotion activities have been cited in Las Vegas Railway Express.
Las Vegas Railway Express (OTCMKTS:XTRN) is making attempts to blast out of the sub-penny territory and decent gains have been registered on the stock in the recent times. Nonetheless, the stock remains down nearly 100% YTD. However, that decline appears to have offered a buy opportunity for investors jostling to partake in the potential benefits from the X-Train project.
Las Vegas Railway Express (OTCMKTS:XTRN) after making a bottom at $0.013 resumed its rally and has surged whopping 100% in yesterday’s trading session. Stock continues to trade above its 10-Day average volume of 22.95M. Currently the stock is trading above its 20-Day and below 50-Day EMA of $0.0022 and $0.0045 with RSI of 49.74 which is moving up.