Since the symbol/cusip change Monday, trading has been very thin. The most trading volume occurred between $0.10-$0.20. The move up to $0.64 a couple days back was on very, very light volume. A pullback to that the midpoint of that 0.10-0.20 range isn't completely unexpected. If the cusip change was settled already I do think we'd be moving much higher on more volume. Until then, this will stay very thinly traded with wild swings.
Also keep in mind this is a 'F' foreign stock. These have a fraction of the MM activity of other non-foreign stocks. You gotta take the good with the bad there. The bad is they aren't playing middle man adding liquidity. The good is you have less blatant manipulation. When this does start trading normally, it will have a bigger bid/ask spread than you might be used to.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM