EP Global Communications, Inc. (OTCMKTS:EPGL) Gets A Serious Correction

[[tagnumber 0]][[tagnumber 1]]After hovering around the 5 cent per share mark for the first half of the year we saw EP Global Communications, Inc. (OTCMKTS:EPGL) climb the charts in the past month. The latest sessions also showed a serious increase in daily dollar volumes, but this might have been the reason for the undoing of [[tagnumber 2]]EPGL.[[tagnumber 3]][[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]The company stock reached a price of 8 cents per share in Monday’s trading on a volume that hasn’t been since for more than six months. This came after the company announced that it is going to enter in discussions concerning its electronic contact lens technologies with Novartis AG (ADR) (NYSE:NVS) in the end of last month.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Unfortunately, [[tagnumber 2]]EPGL[[tagnumber 3]] couldn’t handle the buying pressure and despite the rather positive financial results that the company has shown in the first quarter of the year the market cap that was upward of $300 million proved to be too much for the company stock.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]This led to a massive 21.84 drop in yesterday’s session which left [[tagnumber 2]]EPGL[[tagnumber 3]] sitting at $0.06253 at the end of the day with a total of 3.89 million shares that changed their owners and a daily dollar volume of $253 thousand.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]We see the stock is more stable today and has even managed to gain 10.32% in value as of the writing of this article. Still, yesterday’s session just shows how volatile [[tagnumber 2]]EPGL[[tagnumber 3]] can get, so doing your due diligence and weighing out the risks before putting any money on the line is absolutely crucial.[[tagnumber 4]]