There might not be any news about Trans Global Group (OTCMKTS:TGGI) but the stock has continued to scale new highs on the back of strong interest from investors.
Yesterday, the Trans Global stock was in focus yet again as it ended the day with gains of as much as 22% and that move took its gains over the course of the past week to 85%. In this context, it needs to be point out that the Trans Global stock enjoyed similar rallies in the past when the stock moved upward despite there being no relevant news about the company at all.
Hence, it might be a good idea to have an interest in the stock considering the latest gains that it has managed to clock. The last time any news emerged about the company was back in March 2020 when Trans Global made an announcement with regards to some o the products that it was going to introduce.
In addition to that, the company also announced at the same time that it was not going to have a reverse stock split. That was a significant announcement considering the fact that a reverse stock split is not something that investors particularly take kindly to.
