Plant & Co Brands Ltd (OTCMKTS:VGANF) Stock Continues to Trend Higher: Up 26% In a Week
This morning investors are going to be looking into those stocks which may have recorded significant gains in recent days and one of the stocks that they might be looking into is that of Plant & Co Brands Ltd (OTCMKTS:VGANF).
Market Action
On Friday, VGANF stock ended higher by 9.45% to $0.1401 with 158k shares, compared to its average volume of 24K shares. The stock has moved within a range of $0.1247 – 0.1401 after opening trade at $0.13.
Latest News
The Plant&Co Brands stock has made a big move in recent days and this past Friday it went up by another 9% as investors continued to pile on to it. That took the gains made by the stock over the course of the past week to as much as 26%. Last Friday the company announced that the previously announced spinout transaction with Blackwell Intelligence Inc had finally been closed.
It was a major development for the company and naturally it led to a degree of optimism among investors as well. After the closure of the transaction between the two parties, a shareholder in Plant&Co Brands was awarded with 0.09582494 common shares in Blackwell Intelligence for each Plant&Co shares that they held.
That was possibly the major reason behind the rally in the stock on Friday. It now remains to be seen if the stock can continue in the same vein and add to its gains today.
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