MultiCell (MCET) Gains Over 23% On High Volume: But Why?

Last week, the MultiCell Technologies (OTC: MCET) stock had been gaining momentum and delivered strong gains. The situation has continued this week as the stock managed to deliver gains of as much as 23.50% on Tuesday.

Like last week, there has been no news with regards to the company that might have triggered the gains made by the MultiCell stock. However, investors might do well to take a look at the company and its business in order to get a better idea.

MultiCell is a biopharmaceutical company, however, at the same time, it is necessary for investors to note that it has not provided any information about its projects for many years. The company has not been active and even its official website is now defunct, having been taken over by a German blog. Hence, it could be said that the rally in the stock is speculative in nature at this point. However, at the same time, it might be a good move to keep an eye out for any kind of news about MultiCell.

Richard McEntire

Finance and Entertainment ReporterRichard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.

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