Startech Labs Inc. (LAAB)

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Startech Labs Inc (OTCMKTS:LAAB) Stock Slumps 68%: What’s The Buzz?
Posted By Bethany Hill on August 10, 2021

There were many stocks that got off on the wrong foot this week and one of those was the Startech Labs Inc (OTCMKTS:LAAB) stock. There was no news about the company on Monday but the Startech stock was in the middle of a selling frenzy and soon enough the stock went into a downward spiral. At the end of the day, the stock had recorded a loss of as much as 68%.

Considering the sheer magnitude of the gains, it might be a good time for investors to take a closer look at Startech. In this regard, investors could do well to take a look at the company’s financial performance.

In the quarter that had ended on February 28, 2021, the company had suffered a net loss of $14,794 and that was actually a massive improvement when compared to the losses of $38,516,672 that Startech had suffered in the prior year period. While the considerable drop in net loss was a positive for the company it is also necessary to point out that it was possible only because of the stock based payout to the tune of as much as $38,500,000. It is going to be interesting to see if the stock can recover today or slides further.