Blue Calypso, Inc. (OTCMKTS:BCYPE) With a High Gain on Big Volume
The stock of Blue Calypso, Inc. (OTCMKTS:BCYPE) hasn’t been pumped for quite a while now, and even though they failed to file their financial report in time their stock fared extremely well in yesterday’s session, closing the day with a big gain in price on a high volume.
After the big drop that the stock of BCYPE experienced last month they werent moving much price-wise and trades were substantialy less, as the ticker registered sessions with below average volumes.
Yesterday’s session, however, begs to differ. The day started quietly and there was little trading and no significant changes in price. The interesting thing is that the price started going in an upward direction in the same time in which the trading intensified.
At the end of the day BCYPE had gained 35% in value on a very high volume and a good trade value. The amount of shares that had switched hands in the end of the day came at 7.8 million, generating a total trade value of $1.3 million at the end of the session.
Even though FINRA listed the company as “Delinquent in required filings with the SEC as determined by FINRA”, adding the letter E as a fifth symbol to the ticker, today’s session is looking promising. The volume of traded stock is quite high, with 2.2 million shares, the trade value to this moment comes to $389 thousand and they have gained 1.73% in price. After gapping down and opening at $0.16 they managed to recover and are currently priced at $0.176 per share.
The deal is that they filed a Notification of inability to timely file Form 10-Q or 10-QSB (quarterly report) with the SEC on August 14 and were obliged to file it within 5 days of the notification, which passed on August 19. This in term led to the added letter as well as a step down in the OTC Markets. After quite a while of being listed as OTCBB they are now listed as OTCMKTS or OTC PINK Limited Information.
This is not so bad if the company isn’t slowing down the filing of the report for some particular reason, however, it will surely take its toll on their reputation. This is why we advise you to do your due diligence and weigh out the risks before you decide to invest in BCYPE, just because they are ascending the charts.
Not so rosy was the situation for Eco-Tek Group Inc. (OTCMKTS:ETEK), who fell badly and registered a loss in value of 40.93% on a volume 10 times their average. The huge dumping that took place “helped” them close the day dropping below the 10 cent barrier at $0.07.