If you are currently looking into some of the major gainers this week so far then it might be difficult to overlook the Metrospaces Inc (OTCMKTS:MSPC) stock, which soared by as much as 28.50% on Monday. While the gains made by the stock were considerable, it is also necessary to keep in mind that there was no news about the company that might have led to such gains.
In this situation, it might be a good move if investors considered taking a look at a development from last week. The company announced that Daniel Silva stepped down from his position as the Chief Executive Officer of the company.
Oscar Britto was made the interim CEO of the company in the meantime. However, there are some more details that investors need to consider in this regard. After tendering his resignation, Silva not only stepped down as the CEO but also gave up his seat on the board of Metrospaces.
Britto will be the solitary member of the board at the company at this point. It should also be noted that Silva also sold his preferred control series B shares to GBS Capital Partner, which is a firm ultimately controlled by Oscar Britto.
Market Reaction:
On Monday, MSPC stock went up 28.60% to $0.0018 with more than 1.10 billion shares, compared to its average volume of 358.12 million shares. The stock has moved within a range of $0.0013 – 0.0019 after opening the trade at $0.0014 Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0033.
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