It has been a pretty long time since there has been any news about AVVAA World Health Care Products Inc (OTCMKTS:AVVH) at all but the stock still saw heavy action on Friday. Investors piled on to the AVVAA stock in a big way on Friday and sent the stock soaring by as much as 59%.
The considerable gains made by the stock might make the rally appear speculative and hence, it remains to be seen if the stock can maintain its momentum today. However, investors could do well to take a look at a development from back in June which can given investors some idea about the situation at AVVAA.
Back on June 23 the company had announced that it had been acquired by the firm Omnis Public Capital Management LLC. In addition to that, the company went on to note that AVVAA also signed fresh resolutions that helped in the creation of a new management at the company. It was a major development at the company at the time.
However, at the same time, it is also necessary to remember that it is highly unlikely that the stock soared last Friday because of that reason. Investors could do well to keep an eye on the news with regards to AVVAA.