Micro cap stocks attract many investors due to the sort of outsized gains that they can sometimes deliver in a short period of time and perhaps the recent case in point is The Metal Arts Company Inc. (OTCMKTS:MTRT) stock. The stock has been in the middle of a massive run in recent days and it continued on Friday as it jumped by another 39%.
However, it is perhaps more important to remember that over the course of the past week, the stock is up by a staggering 2550%. The Metal Works stock has been a massive mover during the period and soared to the $5 a share mark from triple zero levels.
The stock actually rallied after it emerged that the new owners of the company managed to get hold of a controlling block of share in the company by way of a private sale. At the aforementioned private sale, as many as 7,665,000 shares of the Metal Works common stock were on sale.
The new owner of the company is Medium, a company which is regarded as one of the biggest blockchain companies in South Korea. In light of the latest rallies, it might be the right time for investors to keep an eye on the Metal Works stock.