One of the stocks to have clocked handsome gains yesterday despite there being no news about the company was that of Advantego Corporation (OTCMKTS:ADGO).
The Advantego was in major demand among investors and hence, it was no surprise that the stock ended the day with gains of 50%. In this sort of situation, it might be a good idea for investors to look into the company’s business a bit more closely. Advantego is involved in the development of innovative products that seek to fulfil demand in little known opportunities in some select markets.
The company claims that its modus operandi is to find the right opportunity in the market and then deploys its expertise as well as proven credentials to come up with the desired solutions at a competitive cost.
In this regard, it should be noted that Advantego has also claimed that its ‘foundational infrastructure’ is robust enough to allow the company to look into a range of opportunities within a short span of time. However, the latest rally in the stock remains a bit of a mystery and investors are expected to watch closely this morning when trading begins. It might also be a good idea to keep an eye on any news regarding Advantego this week.
Market Reaction:
On Monday, ADGO stock plunged 50% at $0.0002 with more than 360.98 million shares, compared to its average volume of 245.66 million shares. The stock had moved within a range of $0.0002 – 0.0004 after opening the trade at $0.0003. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0150.
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