approximately 20% on Monday, yesterday it added almost 11% more to its price. TAMO also managed to keep its high volume of approximately 1 million shares, which is still quite unusual for the stock. Based on these facts, traders should continue to observe its price movement, as there must be something going on with TAMM these days.Yesterday, the company announced its research coverage by Liberty Analytics, which may have reflected on the stock price. However, except the new President and CEO appointment, there is no other news on TAMM yet, which raises more questions on the high trade.[BANNER]
According to the records, since January this year, the stock has been in a downtrend. Though in June the price started to climb up.
The quarter report of TAMM points that the company has no revenues and it doesn’t expect such in the near future, unless it participates in new gas and oil projects. As TAMM has incurred a net loss, it definitely needs additional cash to fund its operations, but still it is not certain if the company will be able to find any.
So, according to the above-mentioned facts, no reasonable explanation on the latest price jump can be found. The only thing left for the investors is to keep their eyes open about the news coming from TAMM.
