There were many stocks which managed to clock considerable gains on Tuesday and one of those was that of US Energy Initiatives Corporation Inc (OTCMKTS:USEI). There was no news about the company yesterday but investors piled on to the stock in a big way and it soared by as much as 64%.
However, in this situation, it might be a good move for investors to take a look at some of the updates provided by the company earlier on this month. At the time, the company announced that the US Energy Initiatives Corporation management had been looking into a range of business ventures that could unlock considerable value for the shareholders.
In addition to that, the company also requested investors to take a look at an interview delivered by the company’s Chief Executive Officer and share their views regarding the same.
The CEO of the company, Anthony K. Miller stated that among the many ventures that the company was looking into at that point, the most important was one in the silver and gold mining industry. He went on to add that US Energy Initiatives Corporation could deploy its Sumcoin assets in order to transform the company considerable in the near future.
Market Reaction:
On Tuesday, USEI stock soared 63.64% to $0.0027 with more than 2 million shares, compared to its average volume of 181.83 million shares. The stock has moved within a range of $0.0015 – 0.0030 after opening the trade at $0.0017. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0079.
 Stock Soars 65%: Here is Why){kind=link}