Mentioning The Word “Crypto” Got This Micro Cap a 100% Share Price Gain

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Monday, November 18, 2024

You know you’re in a roaring bull market when just using the words “crypto” gets you a 100% pop in your stock price. That’s what occurred today when Stock Trend Capital Inc. (CSE: PUMP) (OTCPK: STOCF) announced that the Company has amended its investment policy to broaden and diversify the eligible industries of its investment targets to permit Stock Trend to explore strategic investments within the crypto sector. The Company's previous investment policy was focused on the AI and the cannabis sector.

That’s right, nothing was actually announced, but investors didn’t mind one bit, sending shares of PUMP up 100% on the “news”. This announcement, if you can call it one, stated that they will “start peeking” into the crypto space because the opportunities are “high performing”.

Anthony Durkacz, Chief Executive Officer and Chairman of Stock Trend Capital commented: "We are excited to bring our expertise and forward-thinking approach to the rapidly evolving cryptocurrency market. At Stock Trend, we are continuously seeking innovative ways to create value and expand our portfolio. The expansion into digital assets, such as Bitcoin, Ethereum, Dogecoin, and other crypto related currencies and technologies, aligns with our mission to stay ahead of market trends and provide our investors with diverse, high performing opportunities".

Well, regardless of our thoughts on the substance of the announcement, the crypto angle and share price rally landed the company an article on AllPennyStocks.com, so all in all, a good day for Stock Trend Capital.

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