Auri (AURI) Rockets Over 500% on Hefty Volume: Will It Sustain This Week?

The Auri Inc (OTC: AURI) stock emerged as one of the major gainers this past Friday as the stock soared considerably on the back of the heavy trading volume.

On Friday, the trading volume in the stock touched a staggering 1.55 billion shares, and the stock soared by as cosmic as 507% amidst heavy action. However, this is not a recent trend for the footwear company. Over the course of the past two weeks, the stock recorded gains of as big as 450% and the trading volumes remained at considerably high levels.

While the gains have been eye-catching, it is necessary to note that the Auri stock has been in the middle of such a strong rally despite there being no news. The company has distribution channels with wholesalers and sells its footwear through those channels. On top of that, it is also necessary to point out that Auri also offers footwear design and development services. However, at this point, the rally in the stock appears speculative.

Jack Dawkins

Finance and Tech Contributor