If you are currently looking into stocks which may have managed to clock significant gains over the past month then you could consider looking into the Sparta Commercial Services Inc (OTCMKTS:SRCO) stock. It has emerged as a notable gainer during the period and has managed to clock gains of as much as 12%.
Trading Data
On Tuesday, SRCO stock moved up 3% to $0.1450 with 65k shares, compared to its average volume of 31K shares. The stock moved within a range of $0.1275 – 0.1524 after opening trade at $0.14.
Candor, NC Returns to Sparta Commercial For Its Equipment Needs
In this situation, it could be a good move for investors to possibly take a look at the development from yesterday. Sparta Commercial Services announced yesterday that that Town of Candor, located in North Carolina, contacted the company again for the supply of equipment that it needs.
It goes without saying that it was a major new announcement and one that might have brought another wave of optimism for the Sparta Commercial Services stock. The company has been associated with the Town of Candor for quitter a while and since as far long as 2014, the Municipal Finance Program from Sparta Commercial Services has been deployed as many as 11 times.
At this point in time, it may be a good idea for investors to consider adding the Sparta Commercial Services stock to their watch lists and watch for further developments.
Key Quote
Tammy Kellis, Town Clerk and Finance Officer of the Town of Candor, said, “Working with Sparta’s municipal department is a very smooth process, which is why we continue to look to Sparta when we source our options. We would highly recommend Sparta to any municipality looking to finance their essential equipment.”
Technical Data
SRCO stock is above the 20-Day and 50-Day Moving averages of $0.14 and $0.12 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.11.
