There was no news at all about one of the biggest worldwide stevia extracts supplying company Sunwin Stevia International Inc (OTCMKTS:SUWN) on Tuesday, but that did not stop the company’s stock from emerging as a major gainer.
Investors jumped on to the stock in a big way yesterday and the Sunwin stock ended the day with gains of as much as 143%. As a matter of fact there has been no news at all about the company for more than a year now and hence, the rally in the stock might appear speculative in nature to many investors.
Back in August 2020 the company had announced that the United States Food and Drug Administration conducted an inspection of Sunwin Stevia.
The company received a positive report from the agency and it goes without saying that it was a significant positive. The agency also noted that the company was compliant with all the regulations of the FDA. In this regard, it might be important to point out that although it was a significant development, it is unlikely that it was the reason why the stock soared by such a degree on Tuesday. Investors could keep an eye out for any news regarding Sunwin in the coming days.
