Yet again we come across a stock this Monday which ended up clocking considerable gains this past Friday without any material news at all about the company. The stock in question is that of Trans Global Group (OTCMKTS:TGGI), which rallied by as much as 37% this past Friday and ended up as one of the notable gainers.
The stock had enjoyed such a move earlier on in the month as well and even at that time there was no news about Trans Global Group. Will the stock continued to rally this way this week? That is something that investors need to watch out for and hence, it is a stock worth looking into.
There has been no news about the company since March last year when Trans Global made an announcement about the sort of products that it was going to bring to the market.
However, more importantly, it is also important to keep in mind that at the time the company had also noted that it was not going to go for a reverse stock split. Such an announcement is almost always a good news for investors and it must have come as a relief for Trans Global shareholders at the time as well.
