Greenpro Capital Corp (NASDAQ:GRNQ) Stock Surges 22% in a Week: Here is Why

Over the past week, there have been many stocks which have managed to deliver significant gains and one of those is the Greenpro Capital Corp (NASDAQ: GRNQ), which went up by as much as 22% during the period.

While the gains may bring the stock into considerable focus among many investors in the coming days it is necessary to point out that in the past week there has been no news at all about the company at all. The last time any news emerged about the company was back on September 15 this year.

At the time the company announced that it was on the verge of making investments in a total of two STO projects which have been approved by CEZA or the Cagayan Economic Zone Authority in the Philippines.

The projects are going to be on the CryptoSX platform and remain consistent with Greenpro Capital’s commitment to drive innovative businesses for the purposes of creating world class blockchain powered firms. The commitment towards such initiatives was first announced by the company back in July. The plan to invest may have created a degree of optimism among investors with regards to the Greenpro Capital stock and it now remains to be seen if the stock can continue to add to its gains.