Adaptive Medias Inc (OTCMKTS:ADTM) Stock Suddenly Jumps: What’s The Buzz?
It is not uncommon for certain stocks to come alive after years of being dormant as a business and such a thing happened with the Adaptive Medias Inc (OTCMKTS:ADTM) yesterday. There has been no news about the company for some years and in fact, the last news that emerged about Adaptive Medias was back in 2018.
Hence, it came as a bit of a surprise when the Adaptive Medias stock emerged as a strong mover on Monday and ended the day with gains of as much as 43%. Such a rally can often be speculative in nature but in light of the magnitude of the gains it might be a good idea to actually look into the company a bit more closely.
The company is involved in video delivery for mobile platforms. However, in addition to that it helps advertisers, content creators and publishers in monetising what they produce.
All this is coordinated through the comprehensive video technology platform named Media Graph that has been created by the company. It goes without saying that the company is involved in a potentially lucrative space but without any news for these many years, the rally might appear speculative to most investors.
Market Reaction:
On Monday, ADTM stock soared 43% at $0.0005 with more than 602.41 million shares, compared to its average volume of 112.19 million shares. The stock has moved within a range of $0.0003 – 0.0006 after opening the trade at $0.0003. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0024.
