It is not uncommon to see the stocks of largely dormant companies going on strong rallies and although the rallies may be speculative in nature, it might still be a good move to take a closer look. One such move was seen in the Adaptive Media Inc (OTCMKTS:ADTM) stock this past Friday.
There has been no news about the company in many years but the stock came to life on Friday and ended the day with gains of as much as 33%. While it is true that the rally might have been entirely speculative, it might be a good idea to take a closer look at its business.
The company is involved in the content monetisation and programmatic audience space. It primarily does business with owners of websites and provides them with mobile and digital video solutions. These are all vital services but the last time any news emerged from inside the company was back in 2016.
At the time the company announced its financial results for the fourth fiscal quarter as well as the financial year that ended on December 31, 2015. In the fourth quarter, the company managed to beat its own projection and managed to bring in revenues of as much as $1,686,051.
 Stock Gains Sudden Momentum: But Why?){kind=link}