When a company provides a corporate update, it generally has an effect on the stock one way or another. On Monday, TransGlobal Assets Inc (OTC: TMSH) provided a key corporate update and that actually led to a strong rally in the stock.
The TransGlobal stock soared by more than 35% on Monday as investors flocked to the stock following the update. The company announced that its fully owned subsidiary Monster Elixir Inc got the laboratory results with regards to the potency of its CBD from PSILabs.
The company went on to reveal that it is working on the product WELL-LEAF, which is a CBD-based body wellness range of products. One of the key products is a warming balm that can provide quick relief from discomfort and pain. It goes without saying that the latest corporate update is an important one and the reaction in the markets was understandable. It now remains to be seen if the stock can continue to add to its gains today.
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Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life