Last week there was no news about Avanti Energy Inc (OTCMKTS:ARGYF) but the stock seemed to be in a lot of focus among investors and ended the week with gains of as much as 28%.
In this situation, it could be a good move on the part of investors to perhaps take a look at a key development from back on August 9. At the time the company announced that the Avanti Energy common shares were eligible for electronic settlement and clearing in the United States by way of the Depository Trust Company.
That was a significant development for the company and could have a long term positive effect on the stock. In this context it should be noted that Depository Trust Company is a subsidiary company of Depository Trust & Clearing Corporation, which is an American company responsible for electronic settlement and clearing for companies which are traded publicly.
In this regard, it is important to note that this eligibility is expected to make it easier for investors to trade in the Avanti Energy shares and could eventually result in boosting liquidity considerably. Investors could consider keeping an eye on this stock over the course of this week.