Weconnect Tech International (WECT) Stock Jumps 143%: Here is Why

On Thursday, it was the Weconnect Tech International Inc (OTCMKTS:WECT) stock that emerged as one of the notable gainers and rallied by as much as 143% as investors piled on to it in a big way.

While there was no news about the stock yesterday, the stock may have rallied on the back of the publication of the discussion among the management with regards to the financial condition of the company earlier on in the week.

The management discussed that although the company has ceased to operate its multi-dimensional IT platform operations, it continues to operate as an IT solutions provider.

However, it was also mentioned that the in the nine month periods that ended in April 2021 and April 2021, the company made considerable losses to the tune of $110294 and $224185 respectively. There were other discussions of interest as well. In light of the gains made yesterday, investors could consider keeping an eye on the Weconnect stock today. 

Market Reaction:

On Thursday, WECT stock soared by 143.44% to $0.084 with more than 1.35 million shares, compared to  its average volume of 33K shares. The stock has moved within a range of $0.0343 – 0.2500 after opening the trade at $0.0343. Over the past 52-week, the stock has been trading within a range of 0.0100 – 0.2500.

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