This morning investors must be looking into some of the stocks that managed to record considerable gains on Wednesday and one of the stocks that could be looked into is that of World Oil Group Inc (OTCMKTS:WOGI).
Yesterday, the World Oil Group stock emerged as one of the major gainers and it surged by as much as 82% as investors piled on to it in a big way. However, at the same time, it is also necessary to note that there has been no news about the company this week that might have led to such massive gains.
The last important development with regards to World Oil Group was back in May when the company announced that it appointed Susan Ferrari to its board of directors. It is a major development for the company considering the fact that Ferrari is a highly experienced professional and her experience across several industries spans a period of more than two decades.
She is going to be involved in advising World Oil Group on its marketing strategies and will also help when it comes to the development of the company’s financial services and technology platforms. Investors could consider keeping the World Oil Group stock in their watch lists at this point.
On Wednesday, WOGI stock soared 82% at $0.0797 with more than 27.51 million shares, compared to its average volume of 6.16 million shares. The stock had moved within a range of $0.0416 – 0.0810 after opening the trade at $0.0450. Over the past 52-week, the stock has been trading within a range of $0.0003 – 0.0850.