Minerco Inc (OTCMKTS:MINE) Stock Doubled on High Volume: But Why?

The ‘Magic Mushroom Company’ Minerco Inc (OTCMKTS:MINE) emerged as one of the biggest gainers on Tuesday after investors piled on to the stock in a big way. There was no news at all about the company yesterday but the Minerco stock rallied strongly and went up by as much as 100% as investors piled on to it in a big way.

In this situation, it might perhaps be a wise move for investors to take a look at an announcement from the company back in April this year. At the time the company announced that it was going to start generating revenues from the month of April 2021.

That was a major announcement from the company and one that might have excited investors considerably at the time. However, that was not all. Minerco also noted that it was looking to make acquisitions in the CBD space.

The company stated that it was looking to make investments in the CBD operating companies which are involved in extraction, white label products and edibles among others. While the announcements made back in April were important, it should also be noted that the latest rally in Minerco might not have been triggered by that.

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