When a stock emerges as one of the biggest movers in the micro cap segment then it is also perhaps the right time for investors to start taking a bigger interest in it.
One such stock is that of Metal Arts (OTCMKTS:MTRT), which has emerged as a massive mover in recent days and rocketed to as much as $3.45 a share from triple zeroes not too long ago. The stock was in action among investors last week as well and went up by as much as 30% back on Friday. That took its gains for the past week to as much as 65%.
However, in this context it should be noted that the massive rise in the stock was actually triggered last month when it emerged that the new owners of the company managed to pick get hold of the controlling block of shares by way of a private sale.
In that private sale, the new owners acquired as many as 7,665,000 shares in Metal Arts and that was the trigger that sent the stock soaring. The stock was acquired by Medium, which is one of the biggest blockchain related companies in South Korea at this point in time.