When the trading volume in a stock rises manifold and the stock records massive gains, it might be a good idea for investors to take note despite there being no specific news about the company.
The stock that made such a move on Tuesday was the Newron Sport (OTCMKTS:NSPT) stock, which ended the day with gains of as much as 225%. However, more importantly, the trading volume in the stock went through the roof yesterday as 301 million shares changed hands on a day of frenzied trading. It should be noted that prior to yesterday, the Newron Sports stock had average daily volume of 25.46 million.
However, all this happened without any news at all and hence, many investors might feel that the rally took place on the back of speculative trading. That being said, it might be a good time to take a look at the company’s business.
The company is best known for the development and distribution of a tandem device for which it holds a patent. The device in question can be used for both sporting as well as recreational purposes. The company offers other sports related products as well.
