The BioPower Operations Corporation (OTCMKTS:BOPO) stock has had a bit of a rollercoaster ride in recent days. This past Friday the stock endured a strong correction and went down by as much as 38%. While it is true that the BioPower stock has recorded considerable gains in recent months, the latest correction did not seem to be a case of profit booking.
In addition to that, it should be noted that over the course of the year so far, the BioPower stock is up by as much as 335%. Hence, it might be a good idea to figure out if the latest drop in the stock price could be an opportunity to get into the stock or not.
There has not been a lot on the news front over the past several weeks and one would need to go back to early July to come across a piece of news about BioPower. Back on July 6 the company announced that it signed an asset purchase agreement by way of which it was going to take over some assets that were related to the HyFi blockchain technology. It should however be noted that the acquisition in question had actually been closed back on June 29, 2021.
