When a stock makes a big move over a short period of time then it is perhaps the right time for investors to start tracking that stock closely. One of the stocks that could be followed at this point in time is that of Graystone Company Inc (OTCMKTS:GYST), which has managed to clock gains of as much as 13% over the course of the past week.
Graystone Company Announces Up-listing to OTCQB Venture Market
In light of such strong gains, it may be a good idea for investors to look into the development from yesterday. The company announced yesterday that it had been awarded the much-needed approval for its shares to start trading on the OTCQB. The exchange is run by the OTC Markets Group.
That was a major development for Graystone Company and it is now going to be interesting to see if the stock gets more traction from among investors over the course of the coming days.
The Class A common shares of the company had started trading on the exchange already on Thursday and it could be a good idea to keep an eye on it today. It is an uplisting and Anastasia Shishova, who is the President of the company, stated that it is a significant step in the progression towards turning the year into a one of transformation.
It is a piece of news that could prove to be another positive trigger for the Graystone Company stock and hence it is something that is likely to be on the minds of many investors. However, that is not all. The rally in the stock over the course of the past week suggests that there could be other triggers at play as well. Hence, it may be a good time for investors to keep an eye out for any fresh news regarding the company.