Axiom Oil and Gas Corp. (OTCMKTS:AXIO) Gets A Pump

Axiom Oil and Gas Corp. (OTCMKTS:AXIO)’s market cap was increased by 40.85% over the span of a single session after several pump e-mails by a couple of notorious touters hit the web.

There could be no mistake about it – AXIO‘s movements were caused by the pump e-mail that hit the web yesterday. The trading was so intense from the get-go that the ticker rose all the way up to $0.47 in a matter of EIGHT minutes. It would probably be safe to assume that at that point in time, opportunistic shareholders and noteholders decided to make some money. As the company’s filings can attest, AXIO has plenty of debt that could be converted at $0.25 per share.

Regardless of the cause, as a result of the heavy selling that ensued, the ticker was dragged back to the $0.1 mark, where it hovered for the rest of the session.

Cases like this one demonstrate the perilous nature of pumps, and why investors should really take the time to do serious due diligence. Sure, volatility represents the opportunity for profit, but as we saw yesterday, things can go horribly wrong awfully quickly, especially with companies as dubious as AXIO.

Our advice is – read the reports, know the risks, carefully assess the situation and keep your eyes peeled.