There has been no news about 12 ReTech Corporation (OTCMKTS:RETC) for many months but that did not stop its stock from being one of the notable movers on Wednesday.
The ReTech went up by as much as 131% yesterday and in light of such gains, it is quite likely that the stock is going to be tracked by many investors over the rest of the week. That being said, it is also necessary to note that there is not much for investors to look into when it comes to this stock.
The last important development with regards to the company occurred in June last year and that was the announcement of its financial results for the year ended December 31, 2019. In the period that ended on December 31, 2019, the company managed to generate gross sales to the tune of $1,628,607 as opposed to the gross sales of $92831 in the corresponding period back in 2018.
The performance from the company represented a massive surge of 1654.4%. While that was a stupendous performance from ReTech, it is unlikely to have had a bearing on the latest rally in the stock. In this situation, the best course of action for investors is perhaps that of keeping an eye on the news regarding the company.
Market Reaction:
On Wednesday, RETC stock soared 131% to $0.0022 with more than 2.80 billion shares, compared to its average volume of 351.70 million shares. The stock has moved within a range of $0.0009 – 0.0026 after opening the trade at $0.0010. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0160.
 Stock Rockets 1305: Here is Why){kind=link}