Integrated Ventures Inc (OTCMKTS:INTV) Stock Jumps 305 in a Week: But Why?

Those who are currently looking into stocks that might have recorded handsome gains over the course of the past week could do well to take a closer look at the Integrated Ventures Inc (OTCMKTS:INTV) stock.

The stock has been in the middle of a strong rally over the past week and during the period it has managed to clock gains of as much as 32%. Despite the handsome gains made by the stock, it should be noted that there has not been any news about the company in many months and many might argue that the latest rally is possibly speculative.

The last major news about the company actually emerged in March earlier on this year when Integrated Ventures made an announcement with regards to a securities purchase agreement. The company announced that it signed such an agreement with some institutional investors.

As per the terms of the agreement, the investors are going to pick up common shares in Integrated Ventures and warrants for $9 million as part of a registered direct offering. It was a major announcement from the company but the latest rally in the stock might not have been triggered by that. Investors could consider keeping an eye on the news regarding the company at this point.