Micro cap stocks may be prone to volatility but at the same time these stocks can also deliver enormous gains and hence, there is a significant following for such stocks.
One of the micro cap stocks that you could look into today is that of Nano Mobile Healthcare Inc (OTCMKTS:VNTH). The stock was in the middle of a massive rally last week as investors moved into it in a big way and sent it soaring by as a staggering 620% for the week. In light of such massive gains, it might be a good idea for investors to consider taking a closer look.
The rally in the stock was triggered by an announcement from Nano Mobile Healthcare on September 29 on Twitter. The company noted that it had temporarily halted all the conversions and dilutions in its stock. However, that was not all. In addition to that, the company also announced that it had engaged the services of lawyers to reduce the number of authorised to 4 billion from as much as 100 billion.
That was another major announcement and must have come as a source of excitement for most of the investors. It might be a good move to keep an eye on the Nano Mobile Healthcare today.
