It is often noticed that stocks end up clocking enormous gains despite there being no news at all about the underlying companies and that is what happened last week with the Infrax Systems Inc (OTCMKTS:IFXY) stock.
Yesterday, the stock continued to be on the move as investors continued to pile on to it and ended the day with gains of 90%. That took its gains for the whole week to as much as 130%. In light of such gains, it might be a good idea for investors to take a closer look at the nature of the company’s business.
The company is involved in the smart electric power grid space and is involved with providing a range of services starting from operational management, power grid security and communications among others. Infrax Systems is known for providing a platform named Secure Intelligent Energy Platform which helps in devices which are connected to a power grid to communicate with each other.
It goes without saying that it is an service that could have a bright future. However, at the same time, it is also necessary to keep in mind that the current rally in the stock remains a mystery. Investors could do well to tread lightly with regards to the Infrax Systems stock.
