Last week the Advantego Corporation (OTCMKTS:ADGO) stock had actually recorded notable gains despite there being no news about the company at all. However, it has not started on a strong note this week and already tanked by as much as 25% on Monday.
Like it was the case last week, there was no news about Advantego yesterday that might have led to the selloff. Considering the fact that there is no material news about the company at all, it might be a good move for investors to perhaps look into Advantego’s business a bit more closely.
The company is involved in the developing innovative products that are meant for fulfilling certain gaps in some selected markets. Advantego claims that its method of operation involves first finding the opportunity that fits the company’s vision.
Once that is found, the company deploys its experience and expertise by way of which it delivers the right solutions at a fairly competitive price. In this context, it is necessary to note that the company has also claimed that it has the wherewithal to analyse a large number of opportunities at any given point of time. This helps the company in working at a reasonable scale.
Market Reaction:
On Monday, ADGO stock slumped 25% at $0.0003 with more than 416.71 million shares, compared to its average volume of 259.55 million shares. The stock has moved within a range of $0.0002 – 0.0004 after opening the trade at $0.0004. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0150.
 Stock Takes a Hit: Time to Buy Now?){kind=link}