Stocks can go up or decline despite there being no news about the related companies at all and that is what seems to have happened with the Sauer Energy Inc (OTCMKTS:FTRK) stock over the course of the past week. During the past week, the stock has suffered from a pretty strong selloff and actually gone down by as much as 38%.
The last major news in relation to Sauer Energy actually emerged back in June when the company announced that it signed a Registration Rights Agreement and an Equity Purchase Agreement with New York based GHS Investments LLC.
In this regard, it should be noted that although the announcement was made in June, the actual agreements had been signed between the two parties on February 16, 2018. It was a major announcement from the company and one that must have piqued the interest of both shareholders as well as interested investors.
It should be noted that GHS Investments LLC is one of the major players in the private investment space. Over the years, it has made a name for providing financial solutions to small cap business with the potential of considerable growth. It now remains to be seen if the Sauer Energy stock can stage a recovery in the coming days.