The Spooz Inc (OTCMKTS:SPZI) stock has been in sharp focus among investors over the course of the past week and the rally in the stock continued yesterday as investors piled on to it again.
Yesterday the stock managed to clock gains of 46% and thereby took its gains over the course of the past week to as much as 90%. Although the gains made by the stock are notable, investors need to keep in mind that there has been no news about the company at all for more than two months. In this situation, it might be a good idea for investors to take a look at the announcement from Spooz back on July 29.
At the time Spooz announced that it hired the services of TradeNavigator Inc for working as its main development partner. It should be noted that TradeNavigator is a fully owned subsidiary company of Genesis Financial Technologies Inc.
TradeNavigator is best known for providing the frameworks related to platforms for stocks, exchange traded funds and other forms of securities. Some of those securities include bonds, options, mutual funds and also cryptocurrencies. That being said, it is unlikely that the latest rally in the Spooz stock is connected to it.