Stock Alert: Sea Shares Hit New 52-week High

(RTTNews) - Shares of Sea Limited (SE) reached a new 52-week high of $198.73 Friday morning, and are currently trading at $198.33, up $14.80 or 8.06% in the regular trading session. Trading volume is rising over 32.7 million versus an average volume of 3.32 million shares.

Sea Ltd., on Friday, announced that it has been selected for the award of a license to operate a digital full bank in Singapore. The Monetary Authority of Singapore announced that Sea has been selected for the award of a digital full bank license, the first time such a license is being awarded in Singapore.

Forrest Li, Chairman and Group Chief Executive Officer of Sea, said, "We are thankful to the Monetary Authority of Singapore for entrusting Sea with this important responsibility of broadening access to the opportunities of digitalisation. As a proudly homegrown company, we look forward to further contributing to the long-term development of our nation's digital economy, creating more employment opportunities in Singapore, and empowering our whole community to thrive in the digital era."