The gaming industry has grown at a remarkable rate in the past decade or so and even more so in the past couple of years. One of the companies which could be in focus among several investors this morning is the Gaensel Energy Group OTCMKTS:GEGR), which had seen its stock soar by as much as 33% on Tuesday.
Key Analysis
The company operates in the form of a holding company and is primarily involved in the gaming sector. The company is mainly focused on the Metro VR Studios, which is based out of Boston, Massachusetts.
There has been no news about the company in recent days but it may be a good move to perhaps take a look at a key development from back on February 1 this year. That announcement was with regards to a patent held by the company’s ProtonstarSagl unit with regards to a Hydrogen Nickel related energy storage system.
The system in question is supposed to help in the worldwide quest for the development of renewable energy solutions which can work as an alternative to environmentally dangerous fossil fuels. It was towards the end of last year that Gaensel Energy had picked up a 30% stake in Protonstar.
It seems that the move from Gaensel was a prescient one as Protonstar managed to come up with its own patented technology soon after. The addition of Protonstar to the company’s portfolio is important for another reason as well. It is going to be particularly helpful for the renewable energy, biotech, and commodities projects that the company has been working on.
At this point in time, it may be a good idea for investors to keep an eye on the sort of work that the company is doing by following the news. Considering the sort of gains the stock generated yesterday, it now remains to be seen if the stock can add to its gains this morning or not.
