The Forwardly Inc (OTC: FORW) stock has been one of the biggest gainers of 2021 so far and on Wednesday, it recorded further gains as investors continued to flock to it.
Yesterday, the stock managed to record gains of as big as 31% and the latest rally took its gains for the year to as cosmic as 800%. There was no news with regards to the company that could have resulted in the rally yesterday. However, it might be a good idea for investors to look into an announcement from Forwardly back in February.
The Chief Executive Officer of the company George Sharp announced on February 9 that Forwardly managed to bring in $1.5 million in the form of fresh capital through equity funding. Other than $50,000, the entire capital raise was made through fixed convertible debentures. In this regard, it is also necessary to point out that the company had actually targeted an amount of $1 million but ended up raising much more.
Finance and Entertainment Reporter
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