GreenGro Technologies, Inc. (OTCMKTS:GRNH) Headed Up

Yesterday GreenGro Technologies, Inc. (OTCMKTS:GRNH) finally managed to take a decisive step forward, adding 12.50% to its market value.

In spite of the low volume, the ticker looks like it is headed back up – which is perplexing, especially if you consider the fact that there are no news surrounding the company.

Indeed, the last thing we heard from GRNH was news that its report for Q3 2014 will be delayed – and that hit the wire on Nov. 14. So what is the reason for GRNH’s current rise?

As is often the case with OTC Markets stocks in a highly volatile situation, tickers can change direction instantaneously, driven up and down by new developments that affect the whole branch. However, the dust settles quickly and soon enough the market is once more bubbling with anticipation, with new investors boarding the hype train all the time.

It would probably be safe to assume that this is exactly what is happening to GRNH stock right now, as many opportunistic traders see the current low prices of pot-stocks as an invitation to load up on “cehapies” to trade off when the sector takes off again.

Needless to say, that tactic could produce effects, but the risks it involves are stupendously huge. As it is, it will be more prudent to do some due diligence on GRNH before committing to its stock, even if that tactic involves waiting for the company to file its belated quarterly financials.