Carnegie Development Inc (OTCMKTS:CDJM) Stock Gains Momentum After Key Updates

Last week, the Carnegie Development Inc (OTCMKTS:CDJM) stock was in significant focus among investors and ended the week with cumulative gains of as much as 14%.

Market Stats

On Friday, CDJM stock ended flat at $1 with 25 shares, compared to its average volume of 10 shares. The stock has moved within a range of $1.0000 – 1.0000 after opening trading at $0.88.

Earnings Review and Management’s Discussion

In light of such gains, it is likely that the stock is going to be in focus among investors this morning and in such a situation, it might be a good idea to take a closer look into a key event from last week. On Friday, the company released the details about the discussion of its management team and also the analysis that had been done with regards to the current financial position as well as results of operations of Carnegie Development.

The company noted that although the possibility of the company continuing as a going business has come into question from the auditor, the situation is different.

Despite the continued losses and deficit in equity, Carnegie Development is determined to acquire land in order to continue with its real estate development business. That was a significant announcement from the company and seemed to have allayed certain fears among investors. It now remains to be seen if the stock can continue to maintain its momentum and add to its gains this week.