Those looking into some of the biggest gainers in the past week could do well to take a closer look at the New America Energy Corp (OTCMKTS:NECA) stock. The stock was in significant on Friday and ended the day with gains of as much as 137%.
That took its gains for the whole week to a staggering 170%. While the gains may be significant, it should be noted that there was no news about the company over the course of the past week and the last significant news about New America Energy Corp had actually emerged back on September 8.
At the time, the company had announced that it had hired the services of the company REDW for the purposes of making its accounting practices more efficient and also for helping with the preparation for the PCAOB audit. The hiring had been done by New America Energy Corp through Third Bench Holdings, a company that it had acquired not too long ago.
While it was a significant development, it still remains to be seen if there is any direct link between that and the rally that was seen in the stock over the course of the past week. Investors could do well to keep the stock in their watch lists at this point.
