By Chris Wack

Creatd Inc. shares were up 42% to $5.81 Monday after the company said its OG Gallery division was releasing new non-fungible token art.

The company said the NFT offering is a series of three photographs of former President Donald Trump.

Volume for the stock was 22.1 million shares at 10:20 a.m. ET, compared with a 65-day average volume of 3.3 million shares. The stock hit its 52-week low of $2.10 on Oct. 12, and 52-week high of $9.80 on Friday. The company has 14 million shares outstanding.

Creatd said the photographs were first unearthed by Creatd founder and co-Chief Executive Officer Jeremy Frommer within a collection acquired from creditors of Bob Guccione, the CEO of General Media.

Creatd said the asking price for the Trump photo NFT is 240 ethereum, or about $990,000 at current ethereum rates. The buyer will also receive the original high-resolution JPG of the photograph, plus a large scale 1/1 print of the photograph in a gilded frame, all authenticated by the OG Collection curation team, the company said.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

October 25, 2021 10:37 ET (14:37 GMT)

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