Real estate development and advisory services firm Tiderock Companies Inc (OTCMKTS:TDRK) could be the one to watch this morning after the strong performance from its stock on Wednesday. Yesterday, the company announced that the its statement offering on Form 1 A pursuant to Regulation A was qualified by the United States Securities and Exchange Commission.
Trading Data
On Wednesday, TDRK stock jumped 2.61% to $0.0590 with more than 118k shares traded, compared to its average volume of 73Kshares. The stock has moved within a range of $0.0455 – 0.0600 after opening trading at $0.060.
Announces Qualification of Regulation A Offering and Provides Corporate Update
As per the offering permits pursuant to Tier 1 Regulation A, Tiderock will not be able to raise as much as $20 million over the course of the next 12 months. It goes without saying that it was a major development for the company and hence, it also led to significant optimism about the stock.
As investors piled on to the Tiderock stock on Wednesday, it ended the day with gains of as much as 15%. It was also noted that over the course of the past 12 months, the management of the company has been diligently working on the building of foundations that could lead to significant future growth. At this point, Tiderock boats of a real estate project pipeline that is worth as much as $600 million. It may be a good move to add the stock to your watch lists.
