HomeFinancial MarketsPenny StocksIs there anything that caused the GNCC Capital Inc. (GNCP) stock to...

Is there anything that caused the GNCC Capital Inc. (GNCP) stock to go up 73%?

The last session saw GNCC Capital Inc close at $0.0019, an increase of 72.73%, which raised the company’s market cap to $78.63M. A total of 1.01B shares have been traded in the last session, with the average daily volume traded being 510.94M for the past month. Additionally, the shares have been ranging between $0.0013 and $0.0023. About 39.81 billion of the pink sheet company’s shares are outstanding against 17.06 billion of float.

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Company’s business operations:


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  • GNCC Capital, Inc. is an exploration-focused company having gold and silver explorations projects in Arizona.
  • “White Hills”, “Yarber Wash”, “McCracken”, “Pearl Spring” and “East Belmont” are Gold & Silver Mining Exploration Properties owned by the company.
  • For its intentions of becoming a diversified holding company with interests in other industry sectors as well as in mining exploration, the company operates in CBD technology through its subsidiary BioCann Pharma S.A.S.
  • BioCann Pharma sells its cannabis CBD pharmaceutical grade oils for use in the pharmaceutical industry through distribution channels in Colombia and around Latin America.
  • Premier Development & Investment, Inc. (OTC: PDIV) is a biggest holder in GNCC for holding 41.78% of GNCC Capital, Inc. voting shares of Common Stock.
  • PDIV also has an amount of $16B in Non-Voting shares of Series “A”, “B”, and “C” Convertible Preferred Stock of GNCP.

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What happened?

As there was no related news that could cause the stock to surge that much, the stock seems to be recovering the loss (-100%) it has made over the past week.

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