On Monday, the Sun Pacific Holding Corp (OTCMKTS:SNPW) was one of the stocks to have made a pretty strong move and considering the fact that recorded gains of 23%, it might be a good move to look into the company a bit more closely.
While there was no news about the company yesterday, it should be noted that back on Jun 15, it emerged that it got into an agreement for developing the Queensland Australia Solar Farm. The 100 megawatt solar farm located in the state of Queensland is going to be developed by Renewable Energy Engineers Australia and the National Mechanical Group.
The farm is going to be built in order to energy grid that is situation in the same area. It goes without saying that it is a major development for Sun Pacific Holdings and any optimism about the prospects of the company among investors at this point in time is understandable.
Those are might be interested in the Sun Pacific stock need to remember that it is a stock that has a track record of having gone on strong moves in the past. Considering the latest gains made by the stock, it could be a prudent move to keep the Sun Pacific stock in their watch lists.
Market Reaction:
On Monday, SNPW stock jumped 23% to $0.0406 with more than 11.27 million shares, compared to its average volume of 8.48 million shares. The stock has moved within a range of $0.0340 – 0.0435 after opening the trade at $0.0340 Over the past 52-week, the stock has been trading within a range of $0.0010 – 0.3490.
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