NeoMedia Technologies, Inc. (OTCMKTS:NEOM) Continues to Rise
The stock of NeoMedia Technologies, Inc. (OTCMKTS:NEOM) was traded in triple zero land for quite a while and it didn’t seem to be managing to attract investor interest, despite the big percentile movements it made.
Letely, however, the trend for NEOM‘s stock is good and after an optimistic press release on December 12 the ticker began to gather momentum in an upward direction while, in the meantime, the volume of traded stock increased.
The December 12 press release announced that NEOM have partnered with Nellymoser in order to provide a complete solution for migration from Microsoft Tag to other activation technologies used to access content by scanning QR code with your mobile device.
This led to an instant jump of 33.33% in price the very same day and after half a month of not being able to generate a trade value higher than $10 thousand the company stock began to slowly attract investor interest.
Still, the first sessions after the press release were relatively quiet until NEOM exploded yesterday with a 66.67% gain in price, closing the session at $0.0015 on the highest volume of traded stock in more than 3 months of trading. The total amount of shares that switched hands in the session came to a whopping 236 million and generated $320 thousand in dollar volume.
Considering the relatively low price of their stock, we might see the ticker go further up the charts. Some investors, however, might get worried by the $26 million in net loss that NEOM recorded in Q3 of this year, mainly due to loss from change in fair value of hybrid financial instruments and we might see a correction soon.
In any case, be sure to do your own due diligence and weigh out the risks for yourself, before deciding to bet on their stock.
The big surprise of yesterday came from Olie Inc. (OTCBB:OLIE) who added a whopping 536% to their value on a high volume. Applied DNA Sciences Inc (OTCMKTS:APDN) on the other hand dropped 10%, after a long period of ascending the charts.