One of the many spaces that have gained traction in recent years is advertising technology. It is natural then that a range of investors is now finding viable plays in the said sector. One such company, which is also the penny stock for consideration, is Adaptive Medias Inc (OTCMKTS: ADTM). This stock was on the move on Monday and surged 33.33%, gaining $0.00020 per share. The investors are piling on the 100.00% growth prospect over the previous month. The stock closed at $0.00080 after moving in the range of $0.00060 – $0.00080 throughout the day. The yearly range of this stock is $0.00010 – $0.0024.
Heavy trading volume
Additionally, the stock had a heavy trading volume of 1 million shares yesterday compared with its average trading volume of 73.97 million shares. In the last six months, the investors have piled on a heavy gain of 100%, which has been the same as the last five years.
About the company
Founded in 2007, Adaptive Medias Inc has its headquarters in Irvine, California, in the United States. The company provides content monetization services for its clients. This service applies to app developers and website owners. Moreover, Adaptive Medias is also famous for its digital services in B2B or business to the business model.
So, should you buy ADTM?
The stock has gained in double-digit yesterday, and there has been no visible traction over the last five days. However, seeing from the long haul perspective, ADTM has remained in the green zone and continued its bullish run. If you’re interested in penny stocks, this could be the good one. However, please do not go for it right away. Keeping this stock below $10 on your watchlist, for now, could be a good idea to consider.