Tiderock Companies Inc (OTCMKTS:TDRK) Stock Picks Up Momentum: Here is Why
The real estate sector may have its ups and downs like any other industry but it remains one of the major areas of interest for millions of investors. Naturally, there is almost always significant interest in many of the real estate stocks and one of the stocks in the sector which emerged as a major gainer in the past week is that of Tiderock Companies Inc (OTCMKTS:TDRK).
The company is involved in real estate investment, development, and advisory and has been involved in this space for more than two decades. Tiderock is a specialist in planning, budgeting, deal structuring, and overall project management. At this point, the company is working on projects worth as much as $200 million.
Over the course of the past week, the Tiderock stock has attracted a lot of interest from investors and managed to clock gains of as much as 30% so far. It is quite likely that the stock is going to come into focus tomorrow as well and hence, it may be a good time for investors to take a closer look.
Qualification of Regulation A Offering and Provides Corporate Update
Earlier in the month on January 5, 2021, the company had come into focus after Tiderock announced that its offering statement on FORM 1 A, which was pursuant to Regulation A had been approved by the United States Securities and Exchange Commission. The latest permit is going to allow the company in raising up to as much as $20 million in a period spanning 12 months.
The company noted that the management at Tiderock had been focused on its growth over the course of the past 12 months. It is believed that this development is going to help in that regard.
Agreement to Co-Develop 277-Bed Student Housing Project Near Rutgers University
On the other hand, last month on December 15, 2021, the company had announced that its subsidiary unit Sora Ventures LLC had inked a letter of intent with the firm Courtland Plaza with regards to becoming a strategic development partner in a project.
The project in question is the 277 Bed Student Housing Facility located in New Brunswick and is meant for servicing Rutgers University. It might be a good move to add Tiderock to your watch lists at this point.