ZenaTech (NASDAQ: ZENA) is a new public stock that recently gave investors news to be happy about. After the company’s Oct. 1 initial public offering (IPO), shares traded down, losing 80% of their value through Nov. 22. Then, in the matter of two trading days, shares spiked 475%. This put the stock back above where it started its journey.
Since then, it has traded down significantly, back below its initial offering price, for a total return of -26% as of the close of Dec. 4. The company’s wild rollercoaster creates intrigue. I’ll detail what this company does, the event that caused its shares to spike, and provide my take on this technology stock going forward.
