Over the course of the past week or so, the 665 Energy Inc (OTCMKTS:SSOF) stock has made one of the strongest moves in the energy sector and the rally in the stock continued yesterday.
As investors continued to pile on to the stock, the 665 Energy stock rallied by 47% yesterday and took its gains for the past week to as much as 132%. There has still been no news about the company and it appears that the rally in the stock is possibly a case of speculation. However, it might be a good move for investors to take a look at the nature of the company’s business.
First of all, investors need to know that 665 Energy is actually a holding company which acquires and then develops companies which are involved in the oil and gas space. The company accomplishes that by providing financial as well as operational support to the company’s which it acquires.
The firms that are acquired by 665 Energy operate as subsidiaries of the company. Ultimately, 665 Energy is focussed on unlocking as much value as possible for its shareholders. Although there is no news now, investors could do well to keep an eye out for any new development at this point.
Market Reaction:
On Tuesday, SSOF stock soared 47% at $0.0135 with more than 57.51 million shares, compared to its average volume of 25.75 million shares. The stock had moved within a range of $0.0082 – 0.0139 after opening the trade at $0.0089. Over the past 52-week, the stock has been trading within a range of $0.0004 – 0.0139.
 Stock Continues to Hit New High: What Next?){kind=link}