There is always deep interest in penny stocks among most traders and every day many penny stocks break out. The rallies in the stocks might actually be short lived but traders are almost always willing to get in on the action.
Hence, there is considerable focus on stocks which breakout strongly. One of the stocks that emerged as a major gainer on Friday was that of Delphax Technologies (OTCMKTS:DLPX). The company, which is involved in manufacturing, designing and delivering digital printing services across the world, saw its stock soar by as much as 1400% yesterday.
In this regard, it should be noted that there was no news about Delphax that could have triggered such a remarkable rally in the stock. However, in this situation, investors could do well to take a closer look at the company’s business.
As mentioned above, it offers a wide range of digital printing solutions to its clients. Delphax had been established back in 1981 and is based out of Bloomington in Minnesota. In light of the gains made by the stock, many investors are expected to start focussing on the stock today. However, it remains to be seen if the stock can hold on to its gains on Monday.
Market Reaction:
On Friday, DLPX stock soared 1410% at $0.3170 with more than 9.45 million shares, compared to its average volume of 160k shares. The stock had moved within a range of $0.0247 – 0.3640 after opening the trade at $0.0247. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.3640.
 Stock Rockets To New High: What Next?){kind=link}