Stocks can often record gains without any news but when a stock continues to rally for many weeks without any material news then it is perhaps a good time for investors to take a look at the company.
Over the course of the past month there has been no news at all about Buildablock Corp (OTCMKTS:BABL) but during the same period, the company’s stock has made a strong move and managed to record gains of as much as 64%. Considering the fact there has been no news, it might be a good idea to take a closer look at the nature of the company’s business.
The company is best known for operating a mobile and internet services platform. Buildablock fulfils a demand in the social networking space and its primary focus as the origin point is in neighbourhoods. However that is not all.
The company is involved in the e-commerce space by way of its DealWink engine that provides a combination of couponing, price discovery and group buying. While it is true that the current rally in the stock remains a mystery, investors could do well to keep an eye on the stock over the coming days and also watch out for any possible news.