Minerco (MINE) Gains Momentum: How to Trade This Week?

The magic mushroom industry has grown at a fairly impressive rate over the past year or so and investors, who are looking for options, in that sector could consider having a look at Minerco Inc (OTC: MINE) stock.

The stock has gained considerable momentum in recent days and investors might do well to take a look before there is any kind of breakout. Last week, the company announced that it paid off its old debt to its creditor EROP Capital and such a move is likely to bring the stock into sharp focus among investors.

On top of that, it is interesting to note that as one of the outcomes of the settlement, as many as 477,000,000 shares in the company are going to go back to Minerco’s treasury. The company believes that these moves are going to help Minerco in cleaning up its balance sheet and also strengthen its operations.