There have been many micro cap stocks which have recorded significant gains so far this year and one of the notable ones is the Healthier Choices Management Corp (OTCMKTS:HCMC) stock.
It has emerged as one of the favourites among many micro cap investors and has managed to clock gains of as much as 700% so far in 2021. In this context, it should also be noted that despite the enormous gains, the Healthier Choices Management Corp stock has actually declined in recent days and it might be the right time for investors to figure out if it might be the right time to get into it.
One of the important triggers for the rise in the stock price over the course of the year was related to a patent infringement lawsuit that the company had filed against the tobacco giant Phillip Morris. However, on July 23, Healthier Choices Management Corp had a setback after the judge rejected the case.
That being said, the company was given a 14 day period within which it could file a revised complaint and Healthier Choices Management Corp did so. It seems that investors were quite happy about the fact that the company did so and the stock had actually moved higher after the news emerged. It is a stock that could be added to the watch lists at this point.