There have been many stocks that have managed to record massive gains so far this year and one of those is Forwardly Inc (OTC: FORW).
The stock soared by as high as 42% this past Friday and the latest rally took its gains for the year to a staggering 900%. In light of such significant gains, it could be a good idea for investors to perhaps start tracking the stock. Earlier this month, the company made a major announcement and that could have been one of the reasons behind the rally.
The company’s President and Chief Executive Officer George Sharp announced on February 9 that Forwardly successfully raised as much as $1.5 million in the form of fresh equity funding. Almost the entire amount bar $50,000 was raised through fixed convertible debentures and the deal was apparently closed on January 29 this year. Forwardly had targeted $1 million through the debentures but raised more since they were oversubscribed.