The shares of Ponce city markets, a real estate and technology company that specializes in urban redevelopment projects in the Dominican Republic, have soared by 6% in the past 24 hours.
The company has seen its stock jump by nearly 20% in a month, and investors are eager to see what the company’s next moves will be.
Ponce is one of several companies that have seen their stock prices rise in recent days.
The stock is up 6.4% this week, while its stock index is up 4.5%.
The stock has also seen its price climb since Friday, which has resulted in a jump in earnings.
The company is currently offering a $1.2 million bonus, which will pay dividends of 5.75% for the next six months, according to the Wall Street Journal.
The bonuses will be split among the entire company’s employees.
For investors, the stock’s performance is also good news.
The Dominican Republic is home to a large population of about 12 million, which makes it an attractive market for companies looking to build and redevelop real estate projects.
“We believe the Dominican government will make its investment in Ponce more transparent,” John Stokes, a partner at investment firm Macquarie Capital, told Bloomberg.
“There are some companies with good track records, but we don’t think this is one.”
The company has been working on the development of a $200 million project in the city of Santa Fe.
It has been planning to build a city center on the site of a former soccer field, but that project was pulled back due to the economic downturn in the region.
After the company announced its plans to build the project, the Dominican Finance Ministry and the Federal Ministry of Housing and Urban Development said they were in talks with Ponce on its next steps.
A number of other companies are also investing in the country.
In the past year, more than 2,100 businesses have closed in the nation of 10 million people.