Micro cap stocks are often followed closely by investors due to the scale of the gains that those stocks can generate and one of the micro cap stocks that could be tracked at this point is that of Puget Technologies Inc (OTCMKTS:PUGE).
The stock went from triple zero levels to penny stock status fairly quickly and this past Friday it was in action again as it ended the day with gains of 35%. The rally on Friday took the gains of the Puget stock for the whole of the previous week to as much as 80%.
In recent times, the Puget stock has come under considerable focus among investors and has attracted the attention of not only small cap investors but also the heavy hitters in the space. At this point in time, the stock is in the middle of heavy accumulation and the stock is showing indications that it could break away from the current range in which it may be trading.
Experts believe that the Puget stock could be in a position to replicate the sort of move that was seen in the Enzolytics stock earlier this year. Investors could consider adding the stock to their watch lists.