The Puissant Industries (OTCMKTS:PSSS) stock has emerged as a major gainer over the course of the past few days and the trend continued yesterday as the stock jumped by another 54%. That took its gains over the course of the past week to as much as 70%.
These are eye catching gains but at the same time, it is also necessary for investors to keep in mind that the energy company has been largely dormant as far as any kind of news is concerned. In fact, the last time any news emerged about the company was as far back as in 2018 and hence, many investors are possibly going to think that the rally is speculative.
However, it may be a good idea for investors to get a bit of a idea about the nature of the company’s business. Puissant is involved in acquiring companies which generate high growth and eventually unlocking value for its shareholders.
It should be noted that the company primarily operates in such industries in which it can generate the highest amount in term of profits. For instance, back in 2018 the company added as many as five new wells and 4 miles of pipeline to its existing operation.