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Vital Products Inc. Share Value Increases 183.33% in One Day

Finally, Vital Products Inc. (OTCPINK:VTPI - News) stock volume skyrocketed Apr. 21, with 796,452,710 shares changing hands, more than 70 times its three-month average volume of 11,401,967.

The Laguna Woods, Calif.-based company is a distributor of industrial packaging products. The company said plans to identify and invest in emerging market segments in the industrial packaging sector. Vital Products through its research and development arm in Canada and the United States will patent, trademark and/ or license new products and systems that it can use to establish itself as a leader in environmentally sustainable packaging options.

However, the hasn’t made any news recently and hasn’t issued a press release since 2008, so its anybody’s guess as to why its share volume and value are suddenly on the uptick.

Its latest financial filing dates back to July 21, 2012 and shows that the company at that time had a loss of $244,000.

On Apr. 21, VTPI’s share price closed at 0.0017 cents, up 0.0011 cents, or 183.33%, from its close of 0.0006 the previous day.