If you are looking into those stocks this morning which may have recorded handsome gains in the past few days then it may be a good move to look into the POSTD Merchant Banque (OTCMKTS:PMBY) stock. This past Friday, investors continued to move in on the stock and sent it soaring by 8%.
Trading Data
On Friday, PMBY stock gained 8.35% at $0.13 with more than 13k shares, compared to its average volume of 25k shares. The stock has moved within a range of $0.1299 – 0.1299 after opening trade at $0.13.
Key Trigger
The rally in the stock on Friday took its gains for the past week to as much as 64%. In light of such gains, one would think that there may have been some important development in the past week with regards to POTSD Merchant Banque. However, that is not the case and in fact there was no news at all.
The last time any news emerged about the company was back on October 28 this year when POTSD Merchant Banque made an announcement with regards to the range of services for its shareholders.
The company noted that it was the mandated lead arranger for financial transactions that go from corporate to bank. On the other hand, POTSD Merchant Banque is also looking to enhance credit in order to bring about a transformation in the risk profile of the business. However, it is unlikely that the latest rally was related to those announcements.
