Trans Global Group Inc (OTCMKTS:TGGI) Stock Soars 45% in a Week: But Why?

The Trans Global Group Inc (OTCMKTS:TGGI) has been away from news stories for more than a year but that has not stopped investors from piling on to the stock over the past week.

The Trans Global stock was in heavy action over the past week and emerged as one of the major gainers as it clocked gains of as much as 45% during the period. In this situation, it should be noted that the last time any news emerged about Trans Global was back in March last year when the company made a major announcement with regards to new products and also noted that there was going to be no reverse stock split.

The unequivocal announcement from the company with regards to the fact that it had no intention of going to for a reverse stock split must have come as a boost to the morale of investors. At the end of the day, a reverse stock split is not something that existing investors particularly appreciate.

However, at the same time, it is also true that the announcement from last year is unlikely to be the reason behind the latest rally in the stock. Investors could consider keeping an eye on the stock over the coming days.