Dallas, Texas 11/15/2013 (Financialstrend) – The $200 million market capped Pan Global Corp (OTCMKTS:PGLO) stock had managed to post a impressive 25% increase in its market value during trading on November 14. It ended the day at $0.44 per share up from its previous day close of $0.35 per share. During the day the stock managed to fluctuate between the intraday low of $0.32 to high of $0.5 per share before settling down.
Pan Global Corp (OTCMKTS:PGLO) in its previous avatar was known as Savvy Business Support, Inc. It is a start-up firm which helps develop infrastructure and technology which are in line with the green energy bench marks and are considered environment friendly. The firm puts its money into identified clean energy projects and hand holds the project till they achieve financial viability. The basic premise for the choice of its projects is that they should be related to providing “basic infrastructure”. The push for basic infrastructure related projects is because of the fact that it is concentrated around new opportunities arising out of emerging Asian giant India. The firm operates through two stand alone divisions. These are the “Consulting Services and Greenhouse Operations”. In its attempt to grow and scale up its operations, the firm in mid of this year announced that it has acquired “Pan Asia Infratech Corp”.
The big spurt in the stock value occurred on the back of company announcement on November 12 providing updates on its ongoing projects. Its announcement said, “Our preliminary research indicates there is a large market for our planned greenhouse vegetable production, where product is of higher quality, available on a more consistent schedule and has favorable environmental attributes such as limited or no use of chemical fertilizer and up to 90% less use of water.”
Investors in the stock would be hoping that the firm continues to gain traction in its target market.