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Athena Bitcoin Global (ABIT) Stock Sees Monster Rally: Up 272% in a Week

Pete Matthews , , , ,

Investors are nowadays increasingly looking into companies which are involved in the crypto sector and one of the companies that could be worth looking into at this point is Athena Bitcoin Global (OTCMKTS:ABIT) .

Yesterday, the stock was in major focus among investors and soared by as much as 139% amidst heavy action. While the gains made by the stock were impressive, it is also necessary to keep in mind that there was no news about the company yesterday that might have triggered such an almighty rally.

In this situation, investors could do well to take a look at an announcement made by Athena Bitcoin Global earlier on in the month. Back on June 8, the company announced that is ticker symbol on the OTC Markets was going to be changed from GPLA to ABIT.

In this regards, it is also important for investors to remember that back in May the company had announced that it had submitted the documents with regards to changing its name to Athena Bitcoin Global from GamePlan Inc. The change in the ticker symbol is meant for reflecting that change. On June 8, the change was confirmed by the Financial Industry Regulatory Authority and the stock started trading with the new symbol from the next day.

Market Reaction:

On Thursday, ABIT stock soared 139% to $1.90 with more than 61k shares, compared to  its average volume of 12.60k shares. The stock has moved within a range of $0.8000 – 1.9900 after opening the trade at $0.80. Over the past 52-week, the stock has been trading within a range of $0.0630 – 1.9900.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.