ICOA Inc (OTCMKTS:ICOA) may not have been in the news in recent weeks but the company’s stock has been one of the biggest movers in the market over the course of the past week.
The company, which is involved in providing broadband access installations at high traffic areas in the United States, saw its stock soar by 40% yesterday. However, more importantly, the rally on Monday took its gains over the course of the past week to as much as 225%. Despite the lack of news about the company, it should be noted that back on August 23 the company had provided a key corporate update.
At the time, ICOA announced that it was engaged in completing the procedure related to uploading its disclosure and financial statements to OTC Markets.
The company was involved in this process in order to get the Pink Current status designation from the OTC Markets. It was also noted that ICOA is keen to be compliant with the rules of the exchange and towards the end of August, it was also going to upload a letter from its attorney to the OTC Markets. It now remains to be seen if any fresh news emerges about the company in the coming days.
