Archive for October, 2010
Yesterday, Far East Wind Power Corp. (OTC:FEWP) stock jumped up as if the company has finally started one of its wind farm projects. Though, this is still far away from becoming a fact. FEWP share price and trading volume spikes yesterday looked more than weird. It is true that the company filed its current financial report last Monday, but it is more than a week since then and the market should have had enough of time to consider if Far East can start any kind of a project with their $0 cash position at the end of this June. Without...
The gradual but stable decline of Applied Minerals, Inc. (OTC:AMNL) seems paused for now, though the share price has already reached its upper limit of excitement on the announcement of the newly secured funds. The company announced last Thursday afternoon that it has reached a commitment to issue convertible notes and raise $3,050,000 million in cash. Following the news, in the four following trading sessions AMNL share price added a total of 8.67%, but closed always at the same level: 0.75 for a share. The total volume traded has increased, though it looks like most of the trades have been...
OXIS International, Inc. (OTC:OXIS) share price is bouncing up and down within the trading channel and yesterday it got stuck right in the middle of it. As the company keeps printing new shares, but still has no cash to start the realization of its new business model, OXIS stock cannot decide which way to take. The stock price jumped 14.13% up yesterday on a volume of 1.62 million shares traded and the market closed at $0.105, which is exactly the average value of OXIS recent price range. Technically, the share price could bounce up to the upper price band, but...
The next in row press release helped the thinly traded Cannabis Medical Solutions, Inc. (OTC:CMSI) stock keep its trading activity high yesterday, but unlike the previous three trading session the high volume had negative consequences this time. CMSI dropped 8.57% down to $0.028. Having an average dollar volume of around $31,000, CMSI stock recorded the unusual 6.05 million share volume yesterday. The sellers were many and eager to dump their shares in the early trading at prices still above the previous day close. After that, the share price returned back towards the middle of recent trading range. Some buyers maybe...
After the plenteous and grandiose press releases of SNM Global Holdings (PINK:SNMN) did not manage to reverse the stable downtrend of their stock over the last months, yesterday something unusual must have happened, which made the stock price and the volume surge up. It is still not clear what exactly, but SNMN share price jumped 75% up, closed at $0.0007 and traded the monstrous volume of 344.65 million shares. That value is not only more than 18 times the average trading volume for the stock, but also an absolute record for the past decade of SNMN trading. The latest announcement...
Liberty Energy Corp. (OTC:LBYE) stock turned into a real volume maker yesterday. The shares reported the highest trading volume in their short nine-month trading history. After a real fortune has been spent in the last two months on the appreciation of the share price, it seems that the next attack of the stock promoters is accumulating demand again. On the volume of 450,000 shares traded, the share price jump was not an impressive one, especially for a speculative penny stock. LBYE added only 12.2% to its value and closed the session at $0.595 for a share. However, on all the...
Offended by the low traders’ interest in Alloy Steel International, Inc. (PINK:AYSI) stock, the company decided to terminate its registration with the SEC and move to the pink sheets. The rescue from the obligation to file current financial reports looks like an additional bonus for the company, but not for the traders. After hitting the absolute yearly bottom on that news at the end of last month, Alloy’s stock is going up again. Yesterday, the shares gained 10.20% more on their way up to the previous levels and closed the market at a price of $0.54 each on three times...
Tivus, Inc. (PINK:TIVU) trading activity and share price performance got immediately enhanced after the company opened its expansive public awareness campaign. As Tivus has nothing else to offer, the stock was hyped further yesterday on the next press release. TIVU keeps delivering nice day profits, jumping again by 15.16% yesterday. The non-reporting pink sheets company without any profitable business or any cash to start such, somehow manages to retain traders attention, which led to a closing price of $0.178 and a notable $3.1 million market cap. After TIVU announced their “highly reputable” investor relations partner in the middle of August,...
Grid Petroleum Corp. (OTC:GRPR) current promoters do not prove for now as successful as their forerunners. Yesterday, GRPR’s stock washed away almost all of the gains from the previous day and signals no intentions for another rise. The total loss on yesterday’s paid promotion was 9.30% and it happened on nearly half a million shares traded. GRPR closed at $0.39, still making an incredible market cap of $25.5 million for a company with no running business and assets worth $259,000. The $140,000 book value of the shares is even less than all the money spent on the promotions this year....