Ziyang Ceramics Corporation (fka ZYCI)

[investing10]

I have no position, but this has to be a pump and dump i think. See here:

We received a request from Bullworthy LLC on June 7th 2012 (exactly one year ago) to run an article about a rising penny stock Ziyang Ceramics Corp (OTCMKTS:ZYCI). We did our research and immediately found it suspicious. For one, the Chinese firm had a P/E ratio of one. We have analyzed hundreds of stocks over the years, but never saw a stock wit P/E of 1. Meanwhile, Ziyang’s current P/E ratio is 0.01.

Another suspicious indication was the company’s growth. It posted an 82 percent (or 52.5 percent) revenue increase at a time when the housing market slowed in China. Ceramics companies like Ziyang Ceramics Corp (OTCMKTS:ZYCI) rely heavily on the housing industry.

In June 2012, the stock shot up about 100 percent within a few days after Bullworthy published the report. Then it tumbled from June 21, 2012 peak of $4.10 to $0.07 on February 25, 2013, losing more than 97 percent in value. It’s clear that some individuals (they may or may not be related to the company) have done the pump and dump. Penny stocks are highly vulnerable to manipulation.
Full link here-http://www.valuewalk.com/2013/06/ziyang-ceramics-pump-dump/