OriginClear Inc (OTCMKTS:OCLN) Stock Surges 40%: What’s The Buzz?

Despite the absence of any material news about the company, the OriginClear Inc (OTCMKTS:OCLN) stock was in the middle of a rollicking rally this past Friday and ended the day with gains of as much as 40%.

Market Action:

On Friday, OCLN stock increased 39.43% at $0.0488 with more than 583.88K shares, compared to its average volume of 262.90K shares. The stock has moved within a range of $0.0380 – 0.0488 after opening the trade at $0.0380.

Recent Development

In this sort of a situation, it could be a good move for investors to take a closer look at an announcement made by OriginClear back on September 29 this year. At the time the company announced that it had successfully developed a modular lagoon treatment system under the brand Pondster. The system had been developed at a trailer park located in Troy in Alabama.

The entire system is powered by the company’s state of the art biofilm treatment process. The process also has the promise of eventually becoming a technology that could be offered by OriginClear to its clients.

While it goes without saying that it was a significant development for OriginClear, it should also be noted that the latest rally in the stock might not have been triggered by that announcement last month. Hence, it could be a wise decision to perhaps wait for more information about the company before making a decision either way about the stock.

Key Quote

“It’s just amazing the change in just eight days,” said Claudia, a manager of the company that owns the Troy-based MHP. “It’s tremendous. We did not anticipate changes as we were told between 30 and 60 days. And just to see what happened in eight days, we are extremely excited.”