One of the stocks to have generated significant gains this past Friday was that of Kronos Advanced Technologies Inc. (OTC: KNOS). The stock jumped by as high as 30% and took its gains for the past week to 100%.
In such a situation, it could be necessary for investors to look into the triggers that might have led to such a strong rally. The company, which is involved in air filtration and sterilization space, made a major announcement last Tuesday. The company announced that it submitted a USPTO application for patent protection for one of its products. The product in question is a one of a kind air purifier, which is also equipped with a mining rig mean for the cryptocurrency Dogecoin.
After the announcement was made, there was considerable activity in the stock and it soared significantly. Much of that might have been driven by the optimism around the cryptocurrency sector at this point in time. It might be a good idea for investors to add the stock to their watch lists.
Biotech, Tech, and Crypto reporter
Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.