When there is no news at all about a company for many years, then it often comes as a surprise if the company’s stock suddenly springs to life and records significant gains. That is what happened with the Jammin Java Corp (OTCMKTS:JAMN) stock on Thursday.
The Jammin stock experienced heavy action yesterday and went up by as much as 75% as investors flocked to it in a big way. However, the rally seems entirely speculative in nature considering the fact that no material news has emerged about the company since as far back as 2017. In such a situation, it is perhaps a good idea to take a look at that particular news.
Back in April 27, it was announced by High Performance Beverage Co that it signed a Memorandum of Understanding by way of which it was going to start a new joint venture with Jammin Java Group. While it is true that it was a significant development for the company, it should be noted that it is highly unlikely that a deal signed in 2017 had any bearing in the remarkable rally in the stock yesterday. At this point, investors could do well to keep an eye on any news about the company.