Before preparing coffee to energize for the busy day Mmtec (MTC) shares suddenly jump to $1.95 in the premarket. Penny stock lovers are crazed about getting over six million MTC shares and during mid-day, they will likely make around 50% returns. However, gamblers are not the majority here as the good EPS pushes long term investors to jump onto the bandwagon buying less than $3 costing penny shares.
On June 9 MTC made a triumphal rise surpassing the $6.50 barrier while the stock exchange was recovering after two months of COVID-19 lockdown. Since that day the company has made several attempts to lift up the share price but poor demand for shares didn’t lead to significant value.
During October the stock had faced an insignificant downfall which created a lot of doubts regarding future growth. Today is actually a turning point for MTC to continually rise. If SEC requires more transparency from the company all the classified files should also be disclosed. In Alibaba’s experience, there is a great threat to Chinese stocks listed in the U.S markets.
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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.