Companies which may appear to be largely dormant due to the lack of news for long periods often see their stocks spring back to life and go on a strong rally.
That is what seemed to have happened with the Tiger Oil and Energy Inc (OTCMKTS:TGRO) stock this past Friday. Investors piled on to the Tiger Oil and Energy stock in a big way and ended the day with gains of as much as 40%. While the gains are certainly eye catching, investors should also note that there has been no news about the company since April of 2019.
Hence, one must be cautious with regards to the Tiger Oil and Energy stock at this point of time. The rally might have been entirely speculative in nature and it remains to be seen how the Tiger Oil and Energy stock performs today.
Back in April 2019 the company had announced that it completed its merger with Matrix Oil Management Corporation. It was a significant development for the company in itself but at the same time it is necessary to realise that the rally on Friday was perhaps not related to that merger. It remains to be seen if any news emerges about the company this week.