Before the start of the new trading week, it might be a good idea to take a look at some of the stocks which recorded significant gains on Friday. One such stock could be that of consumer company Just Energy Group Inc (NYSE: JE).
On Friday the stock soared 22% to take its gains over the past week to 40%. While the gains are eye-catching, it is necessary to point out that there was no news that could have triggered the rally in the Just energy stock.
The only significant news with regards to the company that investors could keep in mind is the announcement from Just Energy back in September last year.
At the time, the company announced that its recapitalization efforts had been closed and on top of that the Board of Directors had also been reorganized. Both of these are significant developments that could have a long-term effect on Just Energy’s business.