It is not uncommon for stocks to rally out of nowhere and ended up recording enormous gains. That sort of thing happens every day in the markets and such a thing happened with the MMA Global Inc (OTCMKTS:LUSI) stock on Wednesday.
There was no news about the stock yesterday but it attracted considerable attention from investors and soared by as much as 97% amidst massive trading volume. Since there has been no news about the company it might be a good idea for investors to take a closer look at the company and its business.
The company is still at the development stage and it primarily involved with the task of locating, commercialising and developing business opportunities in the food industry in Louisiana. At this point in time, MMA Global is best known for offering sauce products, packaged drug products and coffee related products.
The packaged dry products that it sells are marketed under the brand name Louisiana Food Company. The food products are sold directly to retailers as well as to distributors and consumers also have the option of buying the products online. It might be a good idea for investors to keep an eye on the MMA Global stock this morning.