Rogue Station Companies Inc (OTCMKTS:RGST) Stock Soars 130% in a Week: But Why?

If you are looking into some of the biggest gainers from the previous week then it is unlikely that you are going to miss out on the Rogue Station Companies Inc (OTCMKTS:RGST) stock.

Market Action:

On Friday, RGST stock decreased 0.22% at $0.2295 with more than 410.94K shares, compared to its average volume of 129.73K shares. The stock has moved within a range of $0.1760 – 0.2300 after opening the trade at $0.2200.

Key Triggers

The stock experienced heavy action last week and ended the week with gains of as much as 130%. It is quite likely that the stock is going to continue to be in focus among investors this week as well. Last week, the stock came into focus after Rogue Station announced that it signed a letter of intent with regards to a business combination with cryptocurrency technology innovator Everdime Technology Inc.

It was announced that the two parties are going to be focussed on monetisation of social networks for participants as well as operators by way of tokens and NFTs (non-fungible tokens). It should be noted that NFTs have become one of the most popular variants of tokens this year and has proven to be highly lucrative as well for companies which are involved in the space as well.

Hence, it is perhaps not a surprise that the Rogue Station stock rallied strongly after it announced its plans last week. It could be the stock to keep an eye on this week.