If you are currently looking into the possibility of investing in stocks which have made explosive moves in recent days, then it might be a good move to take a closer look at the Good Gaming Inc (OTCMKTS:GMER) stock.
Yesterday, the stock was in major focus among plenty of investors and soared by 62% to takes its gains over the course of the past week to as much as 125%. The latest rally has also taken its gains over the course of the past month to a staggering 360%. In recent weeks, the Good Gaming stock has had an all out blue sky breakout and the trading volume in the stock has also gone through the roof.
In this regard, it is also necessary to point out that the stock is currently one of the most favourite stocks among many investors and remains one of the small cap stocks around which there is a lot of online chatter. The rally in the stock has largely been triggered by the announcement back in May from Good Gaming that it launched a new unique online game that is going to help in earning profits through its own passively produced cryptocurrency named GOO.
Market Reaction:
On Wednesday, GMER stock gained 63% at $0.4163 with more than 11.71 million shares, compared to its average volume of 4.89 million shares. The stock had moved within a range of $0.2600 – 0.4164 after opening the trade at $0.27. Over the past 52-week, the stock has been trading within a range of $0.0046 – 0.4164.