ProPhotonix Limited (OTCMKTS:STKR) Stock Surges 25% in a Week: But :Why?

There are many stocks which have managed emerge as significant gainers over the course of the past week and one of those is the ProPhotonix Limited (OTCMKTS:STKR) stock. Investors have piled on to the stock in a big way during the period and sent it soaring by as much as 25%.

Market Action

On Wednesday, STKR stock ended marginally lower at $0.1068 with more than 11k shares, compared to its average volume of 43k shares. The stock has moved within a range of $0.1020 – 0.1068 after opening trade at $0.020.

ProPhotonix Limited Announces Notice of GM

In this situation, it might be the right idea for investors to take a closer look at the company and some latest developments. Yesterday, the company was in the news after it made an announcement with regards to the Notice of the Special Shareholder Meeting for the purpose of approving the acquisition of the company Exaktera LLC.

However, that was not all. At the same meeting, it had also been decided that the common stock of Exaktera was going to be barred from being available for trading anymore on AIM. The update with regards to the same was provided to shareholders and had also been published on the company’s website.

The Special Shareholder Meeting in question is going to be held on December 15, 2021 and it is likely that the events are going to be watched closely by ProPhotonix shareholders as well as by market analysts.

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