In the past days, XCPCNL Business Services Corporation (OTCMKTS:XCPL) has seen its stock make a strong move and it continued on Friday as the stock soared by another 25%.
Market Action:
On Friday, XCPL stock gained 24.94% at $0.1062 with more than 435.13K shares, compared to its average volume of 63.31K shares. The stock has moved within a range of $0.0750 – 0.1600 after opening the trade at $0.0750.
Recent Press
That took its gains for the past week to as much as 180%. In light of such enormous gains, it might be a good time to start tracking the company. However, at the same time, it cannot be denied that the company has been largely dormant as far as news is concerned. The last time any news emerged about the company was back in June 2018.
At the time, XCPCNL had announced that it had formed the New Trades Division that was going to be based out of Dallas in Texas. It was a significant development for the company and one that was congruent with the fact that there were thousands of unclaimed construction jobs in Dallas at the time.
However, the rally that has been seen in the stock over the course of the past week may not be related to it in any shape or form. At this point, it might be a good move to perhaps tread a bit carefully with regards to the stock and keep an eye on any news.
Key Quote
Mr. Fulkerson stated, “This is a golden opportunity for XCPCNL Business Services. The demand for living accommodations in the DFW area has increased substantially. Labor construction workers are in short supply and we feel XCPCNL can assist in filling these positions.”
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