Although it is true that micro cap stocks are generally volatile, it is also true that those stocks can often deliver enormous gains within a short period of time.
Yesterday, it was the turn of the micro cap stock The Metal Arts Company Inc. (OTCMKTS:MTRT) to emerge as a major micro cap gainer. The stock attracted legions of investors yesterday and managed to end the day with gains of a staggering 225%. The stock has been in the middle of a historic upward move in recent times and has managed to go from triple zeroes to eventually hit levels of more than $5 a share.
The rally in the stock in recent days has primarily been triggered by the fact that new owners picked up the controlling stake in Metal Arts through the private sale of as many as 7,665,000 shares of the company. The controlling block was acquired by the South Korean company Medium, which is regarded as one of the largest blockchain focussed companies in the country.
Hence, there had been some considerable excitement about the development at the time and it seems that the momentum has returned to the stock again this week. Investors could do well to keep an eye on Metal Arts today.
