Code Green Apparel Corp (OTCMKTS: CGAC) stock is perhaps one of the most interesting stocks out there right now. There hasn’t been any news about the company in many years, but the stock remains in high demand with investors. The intriguing situation continued last Friday and the stock posted gains of up to 82% as investors continued to press for it.
In this situation, most investors will think that the rally is speculative. However, given that the stock has continued to rebound over a reasonable period of time, it might be a good idea to take a closer look.
In 2017, the last major piece of news about Code Green Apparel came out. At the time, the company had announced that, due to the high demand for sustainable golf apparel in the US market, it would investigate the possibility of bringing its golf apparel to market.
While it is an important announcement, it is very unlikely to have affected the stock’s rally over the past few weeks. Therefore, investors need to be a little more careful with this stock.