asktraders.com have posted20 Aug 2020 14:23
SIMON MUGO
EQUITIES TRADER
Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading
Shares of Applied Graphene Materials Plc (LON: AMG) rallied 86.25% as investors bid up the company stock price due to recent developments.
The company listed on the US OTC market on 12 August and has signed multiple distribution agreements in the US and Canada.
Today’s rally was not driven by any major announcements but was attributed to a late reaction by investors to all the recent positive developments. The company signed a new distribution agreement with Cambrian to distribute its products in Canada.