TOP PENNY STOCKS : MTRT
The Metal Arts Company, Inc has exploded by almost 3,390% during the last five days alone, becoming the hottest stock at the beginning of September. The share price surged from 10 cents at the end of August to the current level of $3.49, peaking on Thursday at $4.25.
The company used to engage in contract electroless and electroplated nickel, aluminum anodizing, and other surface coating and enhancement operations. However, this small company that has recently got the Pink Current status and still goes with the Shell symbol is now turning into a major blockchain firm as a result of a reverse merger.
On August 30, MTRT said that as a result of a private sale of 7,665,000 shares of common stock of the company, control of MTRT passed to Medium, Inc., a company incorporated under the laws of South Korea. A new board of directors of MTRT, consisting of Pan Jong Kim, Kiwoon Biak, and Yunho Chung, was appointed.
Thus, MTRT’s new CEO is Mr. Pan Jong Kim, Mr. Kiwoon Biak is now serving as VP and CFO, and Mr. Yunho Chung is now serving as VP and secretary. For those unfamiliar, Medium is one of the largest blockchain companies in South Korea – the hub of blockchain.
This piece of news is really huge, and $3 is still a bargain price for this company. Some investors couldn’t believe that this merger was happening, hypothesizing that it was about another venture with the same name. However, Medium’s official site shows the same three guys that MTRT lists as the new management.