Net Savings Link Inc (OTCMKTS:NSAV) Stock Soars 45% in a Week: But Why?

The growth in the cryptocurrency sector has naturally led to considerable interest in the stocks of companies which are involved in the sector and one of the stock which might be worth looking into at this point is that of Net Savings Link Inc (OTCMKTS:NSAV).

It is one of the best known firms in the blockchain, cryptocurrency and digital asset technology industries at this point. Yesterday, the Net Savings stock was in sharp focus and rallied by 12% to takes its gains over the course of the past week to as much as 45%.

In this context, it might be a good idea for investors to remember that although there was no news about the company yesterday, the company announced its plans to set up its own regulated cryptocurrency exchange on July 1.

The exchange is going to be fully owned by Net Savings Link. It is also necessary to point out that although he announcement was made on July 1, the company has been working on the project for quite a while. Net Savings Link is going to discuss some of the important details regarding the exchange at its conference call with shareholders this week. Investors could do well to keep an eye on the announcements made by the company at that conference call.

Market Reaction:

On Thursday, NSAV stock gained 12% at $0.0120 with more than 28.35 million shares, compared to its average volume of 34.48 million shares. The stock had moved within a range of $0.0081 – 0.0120 after opening the trade at $0.0081. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0697.

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