GNCC Capital Inc (OTCMKTS:GNCP) Stock Gains Momentum: How Far Can It Go?

Most investors are interested in stocks which record handsome gains within a short period of time and hence, it might be a good idea to look into the GNCC Capital Inc (OTCMKTS:GNCP) stock today.

The stock has made a strong move over the course of the past week and managed to clock gains of as much as 67%. The gains made by the stock were triggered by an announcement by the company last week. On July 20, the company announced that its directors decided on officially starting very material discussions. It was further informed by the company that the directors were interesting in bringing about a satisfactory closure to the transactions.

However, that was not all. It was also announced that the transactions are going to be closed in such a manner that it works in the best interests of the GNCC Capital shareholders. The company also revealed that it had been approached by a well known Corporate Finance Company with regards to the funding for GNCC Capital’s ability to take up the options on Lithium exploration properties. In addition to that, the funding is also expected to help the company in becoming an established and profitable entity.

Market Reaction:

On Monday, GNCP stock ended flat at $0.0005 with more than 687.47 million shares, compared to its average volume of 325 million shares. The stock has moved within a range of $0.0004 – 0.0006 after opening the trade at $0.0005. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0037.