While it is true that there was no material news about MDM Permian Inc (OTCMKTS:MDMP) on Tuesday, the company’s stock still managed to emerge as one of the notable gainers and ended the day with gains of as much as 60%.
Considering the sheer magnitude of the gains on a single day, it might be a good move for investors to take a closer look at previous developments and then make their minds up about the MDM Permain stock. Last month the company had provided an update with regards to the advancements and good news in relation to its work in the Permain Basin.
Michael Rafael, the Chief Executive Officer and President of the company spoke about the progress made MDM Permain at the time. He stated that people at the company are quite excited with regards to the sort of growth that MDM Permain managed to clock in the second fiscal quarter of 2021.
He went on to add that the company was looking forward to continuing on its growth trajectory in the second half of 2021. At this point, it could be the right idea for investors to keep the MDM Permain stock in their watch lists.
