Marketing Worldwide (MWWC) Stock Keeps On Hitting New Highs: But Why?
Every day thousands of investors look into the possibility of investing in the next big thing from among micro-cap stocks and one of the stocks from that category of stocks to have come into prominence in recent days is that of Marketing Worldwide Corp (OTCMKTS:MWWC).
Investors piled on to the Marketing Worldwide Corp stock in a big way last week and the stock ended up clocking gains of as much as 230%. In light of the massive gains made by the stock last week, it might be a good move for investors to look into the stock a bit more closely. One of the things that ought to be mentioned in relation to the rally in the Marketing Worldwide Corp stock is that the stock has become very popular on the social media platform Twitter.
As is well known, social media chatter has increasingly become a significant factor in triggering strong rallies in micro-cap stocks. On the other hand, it has also emerged that the Marketing Worldwide stock is on the radars of some of the biggest investors in the micro-cap space and that could be another reason why the stock could continue to garner attention from investors this week as well. At this point in time, the stock is one of the most searched stocks online and that reflects the rising interest in it. It seems that the stock is looking to go on a similar run as some of the other major micro-cap gainers like Tesoro and Enzolytics among others.
88 Energy Ltd (EEENF) Stock Break Out Alert: How To Trade This Week?
If you are currently on the lookout for oil and gas stocks then it might be a good move to considering having a look into the 88 Energy Ltd (OTCMKTS:EEENF) stock. The stock was in considerable focus among investors this past Friday and managed to clock gains of 21%.
That took its gains for the previous week to as much as 65%. The rally in the stock on Friday was triggered after the company announced that it repaid all its debt. That said, the announcement to that effect had been made by the company on June 21. As a matter of fact, the stock is actually up 76% in the past 30 days. Another major announcement from 88 Energy was back on June 7 when it revealed that it decided to buy out the rest of the 50% stake held by its joint venture partner in Project Peregrine, an oil field in Alaska.
That transaction cost the company $18 million and the transaction was to be concluded in stock. Later on, on June 21, the company announced that it was all set to sell the oil and gas tax credits from its Alaskan project for $18.7 million. The company announced at the time that it was going to pay off all of its debts worth $16.1 million from the proceeds of the sale. That transaction was completed on Friday. The rest of the money, totaling $2.7 million, is going to be used to boost its cash reserves.