In recent weeks, there has been no new development in relation to Cyber Apps World Inc (OTCMKTS:CYAP) but the company’s stock emerged as one of the biggest movers last week.
Last week the stock was in major focus among investors and ended the week with gains of as much as 100%. As a matter of fact, on Friday alone, the Cyber Apps stock soared by a staggering 58%. Since there has been no news, it might be a prudent move on the part of investors to perhaps consider taking a closer look at the company’s business operations.
Cyber Apps is, in essence, an investment firm which is involved in making strategic investments in certain businesses and then grow those businesses into profitable subsidiaries. The last major news that had emerged about the company was back on August 4. At the time the company had announced it believed that it was going to be able to start the beta testing its Friendly and Fast Food app towards the end of August.
The app in question is meant for couriers, food delivery and groceries. While the latest rally in the stock does remain a mystery, it remains to be seen if the Cyber Apps stock can maintain its momentum this week.