Last week, the Delphax Technologies (OTCMKTS:DLPX) stock had emerged as one of the biggest gainer from among penny stocks. However, on Monday, the situation was considerably different as the stock corrected by 46% after many investors decided to take some of their profits.
Despite the correction in the Delphax stock, it should be noted that last week the stock had been on a remarkable move and clocked gains of as much as 1500%. The company is involved in the digital printing services industry and provides its services to clients all over the world.
That being said, it is also important for investors to keep in mind that there has been no recent news that could have made Delphax one of the biggest penny stocks gains in recent days. The best way to learn about the company in this situation is by looking into Delphax’s business.
The company had been established back in 1981 and conducts its business from Bloomington in Minnesota. Despite the fall in the stock yesterday, it might be a good move to keep the stock in your watch lists since the correction could well turn out to be a new opportunity for many investors.
Market Reaction:
On Monday, DLPX stock plunged 46% at $0.1713 with more than 3.46 million shares, compared to its average volume of 162k shares. The stock had moved within a range of 0.1556 – 0.3499 after opening the trade at $0.3160. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.3640.
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