If you are looking into the possibility of getting into stocks which recorded significant gains on Wednesday, then it could be a good move to look into the Foothills Exploration Inc (OTCMKTS:FTXP) stock.
The Foothills stock soared by more than 100% yesterday without any material news about the company. In this situation, it could be a good idea for investors to look into important development in relation to the company from recent months.
Back in April, the oil and gas exploration firm had announced that in order to subscribe to the OTC Disclosure & News Service, it sent in an OTCIQ Form. It was a significant development in its own right since it could pave the way for Foothills Exploration to become current on the OTC Pink Sheets. Once that happens, the company’s management is going to look into the possibility of being welcomed back to the OTCQB. In light of the gains yesterday, investors could do well to keep the stock in their watchlists.
On Wednesday, FTXP stock soared by 107.69% to $0.0027 on hefty volume 1.18 billion shares, compared to its average volume of 188.81 million shares. The stock has moved within a range of $0.0013 – 0.0027 after opening the trade at $0.0013.