There were many stocks which ended up clocking notable gains this past Friday despite there being no news about the underlying companies. One such stock was that of EVIO Inc (OTCMKTS:EVIO), which rallied strongly on Friday and ended the day with gains of as much as 25%.
Although it is true that there was no news about the company, it might actually be a good time to take a look at a development from back on August 31, when the company made a major announcement. At the time, EVIO announced that it subscribed to the OTC Disclosure and News Service with the aim of getting its stock designated for Pink Current Information Tier status.
The company announced at that time that it was looking to submit its OTC disclosure statements as well as unaudited financial results for the fiscal year that ended on September 30, 2020. In addition to that, the quarterly financial results for the following periods were also going to be submitted as per the announcement.
The shareholder list, mandatory attorney’s letter and the OTC Markets background check document were also in the list of documents to be submitted. Investors could do well to keep an eye on the EVIO stock at this point.
