GBX International Group Inc (OTCMKTS:GBXI) Stock Attempts To Bounce Back

This morning many investors are expected to be looking into the GBX International Group Inc (OTCMKTS:GBXI) stock quite keenly and that is due to the strong rally that it experienced last Friday.

Market Action:

On Friday, GBXI stock rose 39.78% at $1.3000 with more than 321.47K shares, compared to its average volume of 90.62K shares. The stock has moved within a range of $0.9600 – 1.4000 after opening the trade at $0.9700.

Major Trigger

Following a key development on Friday, the stock surged strongly and ended the day with gains of as much as 40%. On that day, it had emerged that the company had submitted a Supplemental Information report to the OTC Markets that laid out the corporate review and reorganisation efforts that the company is currently engaged in. The latest efforts are part of the wider process that has been put in place so that GBX International Group could swiftly move into a new business model.

Not too long the company had acquired an asset and the review was instituted by GBX International Group soon after. As part of this review, in addition to the management team, the financials of GBX International Group are also going to be under review. Although the specific details from the review have not come into the public domain, it has emerged that GBX International Group found a number of incorrect entries in its books. Investors could consider keeping the stock in their sights today.