Home Financial Markets Penny Stocks Why are Tesoro Enterprises (OTCMKTS: TSNP) shares moving faster than their usual...

Why are Tesoro Enterprises (OTCMKTS: TSNP) shares moving faster than their usual pace?

Tesoro Enterprises (OTCMKTS: TSNP) stock rose more than 48% to $1.38 on Friday’s close. In last week’s announcement, Tesoro Enterprises (OTCMKTS: TSNP) revealed plans to launch a blockchain trading market. Since then, shares were already up more than 200%, penny-stock investors should believe they will see even more significant gains as Wall Street stockpickers rush in.

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What can happen…

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There is no guarantee of long-term success since very few penny stocks ever make it big, and Tesoro doesn’t have much of a track record either. However, as an investor, the losses at GameStop (NYSE: GME) and AMC (NYSE: AMC) can be recouped by investing in this flash stock.

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In a market starving for blockchain investments, a charismatic CEO, and a crypto market has been too hot to handle, a press release is an ideal moment to strike.

This penny stock, TSNP, is not for the weak hearts. TSNP has only been around for a month, but it has already become a global player, as It delivers construction materials to commercial and residential customers worldwide. According to figures presented to the Securities and Exchange Commission (SEC) in 2012, the company reported revenues of $360,000 and a profit margin of -50%.

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Summary

The company management did something brilliant. It announced recently that after merging with HUMBL and was renaming itself HUMBL Financial, claiming to be creating a way to invest in ETF-like blockchain technology. It shot up from 40 cents to $1.40 by the end of last week. Some might be wondering whether we’re seeing a bubble.

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