Despite there being no news at all about the company, the Ecosciences Inc (OTCMKTS:ECEZ) stock emerged as one of the notable gainers on Thursday. Investors piled on to the stock in a big way yesterday and the Ecosciences stock ended the day with gains of as much as 50%.
While there has been no news in recent days about the company, it might be a good idea for investors to take a look at an announcement from the company back in July this year. The company announced at the time that the application that it had filed for OTCIQ with the OTC Markets had actually been approved.
The company noted at the time that it was part of the process by way of which it seeks to get current status on the OTC Markets. The deadline for the same is later on this month and that might be one of the reasons why investors may have decided to pile on to the stock.
However, it cannot be denied that there has been no trigger at all that could have brought on this rally and at this point, it might appear speculative in nature to most investors.