Cantech Holding (BSSP) Stock Extends Rally: Up 55% Last Week

If you are currently on the hunt for stocks which have made strong gains in recent days then it might be hard to look past the Cantech Holding Inc (OTCMKTS:BSSP) stock.

This past Friday, the Cantech stock saw heavy action and went up by 32% to take its gains for the whole week to as much as 55%. The remarkable gains made by the stock was possibly triggered by an announcement from the company last week with regards to the fact that it had concluded all preparations for applying uplisting the stock to pink current status on the OTC Markets.

The company announced on June 30 that the necessary legal formalities and the financial statements have been completed. In addition to that, the requisite fees for the uplisting have also been paid to the OTC Markets as per the rules. Once the stock gets the approval, the filing is expected to be uploaded immediately.

Not too long ago, Cantech had also made changes to its corporate profile on the OTCIQ system. In addition to that, it is also necessary for investors to keep in mind that the company is also in talks with potential merger or acquisition targets. Cantech is expected to provide regarding any breakthrough to shareholders when it happens.

Market Reaction:

On Friday, BSSP stock soared 33% at $0.0031 with more than 1.33 billion shares, compared to its average volume of 198.38 million shares. The stock has moved within a range of $0.0022 – 0.0038 after opening the trade at $0.0022. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0053.