It is unlikely that many seasoned investors missed the price action in the MMA Global Inc (OTCMKTS:LUSI) stock over the course of the past week considering the magnitude of gains that it delivered.
The move continued in the stock on Thursday as well amidst heavy volume and the MMA Global stock ended the day with gains of as much as 162%. In addition to that, yesterday’s gains also took its gains for the past week to a staggering 600%. However, amidst such enormous gains it is perhaps also important to recognise that there has been no news at all about the company in recent days and weeklong rally appears quite random.
In such a situation, investors could consider getting a bit more acquainted with the company’s line of business. MMA Global Inc is still at a developmental stage and is primarily involved with the task of identifying, developing and then commercialising businesses which are involved with the food sector.
The company is currently best known for offering a range of packaged dry products, sauce products and also coffee related products. Investors could do well to keep an eye on any news related to the company at this point in time.