On Monday, the Medifirst Solutions Inc (OTCMKTS:MFST) stock was in considerable focus among investors and managed to clock gains of as much as 10%. While the gains made by the stock may be eye catching, it is also necessary to keep in mind that there was no fresh news about the company yesterday that might have led to this rally.
However, back on July 22, the company had announced that Thomas Griffin resigned from his position as the Chief Executive Officer of Medifirst. In addition to that, Griffin also resigned from his position on the board of directors of the company.
The resignation went into effect immediately. It was a significant development for the company and the rally in the stock may have been triggered by the development. It might be a case of investors anticipating a new era for Medifirst Solutions.
However, it should be noted that the company did revealed that Griffin’s resignation had nothing to do with any kind of disagreement with the company or with its policies or practices. Jonathan Cross has been appointed as the Chief Executive Officer on an interim basis. He was also made the solitary member of the company’s board.
On Monday, MFST stock gained 9% at $0.0012 with more than 228.26 million shares, compared to its average volume of 37.94 million shares. The stock has moved within a range of $0.0009 – 0.0018 after opening the trade at $0.0012. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0123.