Yesterday, the Tiger Oil and Energy Inc (OTCMKTS:TGRO) stock was back in focus among investors yet again and the stock ended the day with gains of as much as 50% amidst heavy interest.
While the gains made by the Tiger Oil stock are expected to bring the stock into considerable focus today, investors need to note that there was no material news about the company yesterday that could have led to the rally. The last major news with regards to Tiger Oil emerged back on August 4 this year when the company announced that its application for OTCIQ had been granted approval.
It was a major development for the company as it announced that after it got this approval it was going to be involved in submitting all its financials and other filings in order to be up to date before the deadline from the United States Securities and Exchange Commission passes. However, that was not all.
At the time, Tiger Oil also announced that it was working on getting the Upchurch lease back into production mode and that was an important announcement too. The latest rally in the stock may appear to be a mystery but investors could consider keeping an eye on the news.
