Investors are almost always on the lookout for stocks which might have recorded handsome gains within a relatively short period of time and one of the stocks that may fit the bill is that of GRILLiT Inc (OTCMKTS:GRLT).
The stock was in the middle of a strong move on Friday and ended the day with gains of 25%. That rally took its gains for the week to as much as 60%. While the gains were eye catching, it is also necessary for investors to consider the fact that there was no news about the company last week and the entire rally may have been speculative in nature.
The last major news about GRILLiT emerged back in February this year when the company announced its financial results for the fiscal year of 2020. On top of that, the Chief Executive Officer and President of the company, Greg Mitchell also provided some important insights.
Mitchell stated that despite the uncertainty caused by the coronavirus pandemic at the start of 2021, GRILLiT managed to get off to a good start. He stated that 110000 eateries had been closed owing the pandemic as per data from the National Restaurants Association. That opened up an opportunity for GRILLiT to grow its business.
On Friday, GRLT stock surged 25% at $0.0030 with more than 148.36 million shares, compared to its average volume of 81.77 million shares. The stock has moved within a range of $0.0020 – 0.0030 after opening the trade at $0.024.
 Stock Continues to Move up: What Next?){kind=link}