This past Friday, the trading volume in the Modern Cinema Group Inc (OTCMKTS:MOCI) stock went through the roof and the stock ended up with staggering gains of as much as 650%.
Those are enormous gains but at the same time, it is also necessary for investors to remember that there was no news about the company last week that could have led to such a move. Hence, such a move may appear speculative in nature to many investors. The sensible option in this situation is possibly taking a look at the company and its business a bit more closely.
The company operates its own motion picture studio and in addition to that, it is also involved in providing distribution, financing and marketing services. In essence the company is involved with providing multichannel video program distributors with the necessary production services by way of which they can create original content.
In the past, the company was known by the name Hemis Corporation but in September of 2015 it changed its name to Modern Cinema Group. The company had originally been established back in 2005 and is based out of Beverly Hills in California. It could be a stock to keep an eye on this week.
