If you are currently looking into the stocks which managed to record significant gains on Monday then it might be pretty hard to ignore the WorldFlix Inc (OTCMKTS:WRFX) stock. The stock was in the middle of considerable focus yesterday and managed to clock gains of as much as 88% as investors piled on to it in a big way.
There was no news about the company yesterday but the rally may have been related to an announcement from the company’s Chief Executive Officer Mick Davis on Saturday. Davis announced that the company received an update from FINRA which was related to the change of its name to Astra Veda Corporation.
In addition to that, the ticker symbol of the stock is also going to be changed. It was a major announcement from the company, however, at the time, Davis also noted that more information in relation to the steps to be taken about the name and stock symbol change is going to be provided by WorldFlix later.
On the other hand, a statement from the office of OTC Corporate Action noted that the documentation in relation to the process was received. In this whole thing, the company was helped by its transfer agent Clear Trust.
Market Reaction:
On Monday, WRFX stock soared 88% at $0.0036 with more than 330.22 million shares, compared to its average volume of 56.63 million shares. The stock has moved within a range of $0.0021 – 0.0040 after opening the trade at $0.0022. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0062.
 Stock Suddenly Soars 90%: What’s The Buzz?){kind=link}