There has been no news at all about Applied Energetics Inc (OTCMKTS:AERG) for many months but over the course of the past week the stock has made a strong move and managed to deliver gains of as much as 9%. Considering the fact that there has been no news, it may be difficult for investors to figure out the rationale behind the rally.
However, in this sort of situation it could be a good idea for investors to perhaps take a look at a development from earlier on in the year and then make up their minds about Applied Energetics.
Back on March 17 this year, the company announced that it was going to move its headquarters to the UA Tech Park. It is a research and technology park that is operated and also owned by the University of Arizona.
The decision from the company was aimed towards having its headquarter at a location that is going to be far more conducive to the possible growth that is going to be seen in Applied Energetics. In addition to that, the UA Tech Park is also going to give the company a far bigger capacity when it comes to research.
