Archive for April, 2011
Sino Agro Food, Inc. (PINK:SIAF) stock price saw unusual fluctuations as the company finally filed its current financial results with the SEC. Around the time of the appearance of the 10-K, SIAF dropped below $1 per share, though as of yesterday the one dollar per share is already recovered. SIAF closed yesterday session at exactly $1 for a share and with a 1.01% increase in its price. Trading volume was around the average and the market looked consolidated. Although the company has already filed a registration statement for its common stock with the SEC and obviously intends to be a...
This month the share price of Far East Energy Corp. (OTC:FEEC) extended the paused downtrend until it reached the 40 cents level which for now appears to be safe ground for the stock. Obviously, the company is still unable to offer news or fundamental improvements that could initiate appreciation for FEEC stock. For a forth session in row the stock closed yesterday at exactly $0.40 for a share. Trading volume was around 404,800 shares, or much less than the 30-day average daily volume of over 1 million shares. Technically, market consolidation suggests that this could be the final stop of...
Yesterday the stock of Advaxis, Inc. (OTC:ADXS) left all resistances back to October last year behind. The apparent reason for the action was the initiated coverage by an investment research company for ADXS stock, announced on Tuesday. ADXS closed Wednesday session at $0.17 for a share with a 17.24% jump in the share price and 2.6 million traded shares. During the day, the share price hit $0.18, which is the highest level for the past six months, whereby the trading volume is also a six-month record for ADXS. Next resistance is at $0.19 and if it gets broken as well...
Yesterday the share price of Mainland Resources Inc. (OTC:MNLU) broke the last known resistance for the past months on an even higher trading volume. But today the value may be regained as the company issued one more update on its Burkley-Phillips #1 program. The session yesterday was not in favor of MNLU and its position on the OTC stock market. MNLU lost another 14.89% of its value and closed with a price of $0.40 for a share. It looks like even more investors are willing to sell their shares in the company, as noticed on the increasing volumes and the...
A paid stock promotion successfully pumped up the share price of Diversity Group International, Inc. (PINK:DGIN) stock at market open yesterday. Though, what looked like a massive run-up for the shares in the early trading resembled much more massive selling off at the end of the day. Shortly after market open yesterday a group of stock promoters sent out advertising e-mails for DGIN stock. One promoter points out that the stock of the Pink Sheets company has been “printing” two-digit moves up every day this year, and the another ones also does not fail to promise a huge rally of...