Last week there was no news about Newron Sport (OTCMKTS:NSPT) but the company’s stock emerged as one of the notable gainers as investors moved in on the stock in a big way.
Last Friday, the stock ended the day with gains of 31% and that took the cumulative gains for the whole week to as much as 60%. In the absence of any news, investors might feel that the rally in the stock was perhaps a speculative upward move. However, it might still be a good idea to take a closer look at the nature of the company’s business in order to get an understanding.
The company is involved in developing and distributing tandem devices. Those devices are meant for use in sports and also for recreational purposes. Two of the better known products from Newron Sport are ROLLER FITNESS PRO and ROLLER HOCKEY PRO.
In addition to that, the company also sells accessories and T-shirts centred around those two products online. At this point, it might be a good move for investors to keep an eye on the news wires with regards to any new development about Newron Sport. It remains to be seen if the stock can continue to add to its gains this week.
