There might not have been any news about Trans Global Group (OTCMKTS:TGGI) in recent days but the magnitude of the rally in the stock last week means that it is perhaps a bit difficult to ignore the stock. Last Friday, the stock continued to experience heavy action and managed to deliver gains of as much as 44%.
That took its gains for the previous week to 70%. Is the Trans Global stock going to continue on its merry ways this week as well? That still remains to be seen but as far as news regarding the company is concerned, there has been nothing since Trans Global made an announcement with regards to a product that it was planning to introduce.
However, that was not the most important update that was provided by Trans Global at the time. At the time of the same announcement, the company also stated that it was not going to go for a reverse stock split of its common stock. That was a major announcement at the time considering the fact that the market does not generally react well to any possibility of a reverse stock split. Many investors are likely going to keep an eye on the Trans Global stock today.