Mitesco (MITI) is Up 1300% Since Late December: But Why?

Mitesco Inc (OTC: MITI), which is involved in acquiring and developing companies in the tech space, has been one of the more notable gainers over the past few months.

The stock has gone up by as cosmic as 1300% since December last year and it might be the right time for investors to perhaps start taking a closer look at it. While there has been no news about the company this week so far, the company did make a major announcement back on March 17.

On that day, Mitesco announced the appointment of Phillip Keller as its new Chief Financial Officer. It is a significant appointment for the company and considering Keller’s experience as a seasoned executive, there might be excitement about it as well among investors. He has been an executive in the finance and accounting space for more than three decades. Keller will bring all that experience into his role at Mitesco. Investors could consider putting the stock in their watch lists at this point.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.

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