Fuse Science, Inc. (OTCMKTS:DROP) Crashes Once Again

The stock of Fuse Science, Inc. (OTCMKTS:DROP) has been recently swaying in both directions. The inconsistent movement of the ticker’s price is accompanied by huge amounts of traded stock and DROP remains a volatile stock.

The general direction in which the price of the company stock has been moving was down, but lately it started to drop with bigger percentile movements than usual. DROP crashed hard in the middle of the past week of trading, but managed to regain some of its value before the weekend.

This week started with a small loss of 6.25%, but things quickly became worse. Yesterday’s session started rather discouraging as the stock began to descend the charts and the massive volume in which DROP was traded didn’t help at all.

By the end of the session DROP had slid a total of 26.33% on almost 3 times its average volume. The total amount of shares that had switched hands in the end of the day was estimated at 12.1 million and generated $324 thousand in dollar volume.

The announcement that DROP is issuing a further 13.1 million shares in order to repurchase some of their Series A Warrants and Exchange Warrants from their holders wasn’t received well as this may cause further dilution.

All in all, the stock remains very volatile and can turn in any direction depending on the news. As always, we would advise you to do a lot of due diligence and weigh out the risks before making a move.

Sigma Labs, Inc. (OTCMKTS:SGLB) also had a bad session yesterday as the ticker slid 14.85% in price on a huge volume. Elray Resources, Inc. (OTCMKTS:ELRA)’s session on the other hand, went extremely well as the stock gained 63% in value.