The mobile health technology firm Nano Mobile Healthcare (OTCMKTS:VNTH) emerged as one of the biggest gainers last week as investors flocked to the stock in a big way. On Friday alone the stock soared by as much as 92% and took its gains for the whole week to a staggering 155%.
While the gains made by the stock are expected to bring the stock into attention of many investors this week, it is perhaps also necessary to note that there was no news that could have led to such a remarkable rally.
As a matter of fact, the last time any news emerged about the company was back in October 2019. The news was related to the resignation of Joseph C. Peters from his position on the Board of Directors at Nano Mobile Healthcare. However, that was not all. In addition to that, Peters also simultaneously stepped down from his position as the Chief Executive Officer of the company and also as the Chairman of its board of directors.
At that time, Nano Mobile Healthcare had noted that Peters’ resignation was not related to any dispute with regards to the company’s operations or disagreements with the rest of the board.