A stock may often deliver considerable gains even though there is no news about the company and that is what happened with the Black Dragon Resource Companies (OTCMKTS:BDGR) stock this past Friday.
There was no news about the company last week the stock went on a strong rally and ended up delivering gains of as much as 40%. In this regard, it might be a good idea for investors to take a look at a key development from back in March this year. Back on March 8, the company announced that it had completed the filing of all disclosures as well as financials with the OTC Markets.
It was a major development for the company as it paved the way for it to become current as per the rules and regulations of the OTC Markets. The Chief Executive Officer of Black Dragon Resource Edward Vasker also spoke about the development at the time. He stated that the filings were going to allow the Black Dragon stock to continue to trade on the OTC Markets. In addition to that, the filings have also taken away the possibility of the stock being delisted from the OTC Markets. Investors could consider keeping an eye on the stock this week.
Market Reaction:
On Friday, BDGR stock jumped by 40% to $0.0007 with more than 251.95 million shares, compared to its average volume of 288.74 million shares. The stock has moved within a range of $0.0005 – 0.0007 after opening the trade at $0.0006. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0034.
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.0005 | 0.0006 | 0.0006 | 0.0007 | 0.0007 | 0.0008 | 0.0008 |
| Fibonacci | 0.0006 | 0.0006 | 0.0006 | 0.0007 | 0.0007 | 0.0007 | 0.0008 |
 Stock Surged 405: How to Trade This Week?){kind=link}