Global Earth Energy, Inc. (OTCMKTS:GLER) Ends Its Negative Trend on Near Record Volume

Since the start of November the stock of Global Earth Energy, Inc. (OTCMKTS:GLER) has been on a constant downwards slide. They dropped from prices above $0.004 per share to as low as $0.0012, just above triple zero territories, posting only 5 green sessions prior to yesterday’s, when the stock simply exploded.

Early trading saw little change in GLER‘s performance but right after 12 o’clock the ticker started to climb rapidly and at closing time had reached $0.0018. The gain of nearly 40% happened on a massive traded volume of 300 million shares compared to just 75 million traded on Monday. The total dollar value of $490 thousand pushed GLER among the top traded stocks for the day.

The impressive performance might attract the attention of the various newsletter and email alerts might once again start touting the company. The last alert for them came on November 12 from one of the lesser newsletters Pinnacle Stock Alerts for a total compensation of $5000. The added pressure from the artificial hype will make the stock even more volatile so using caution is advised. In less than 30 minutes after the market opened today nearly 25 million shares changed their owners. 

The last update from GLER came on December 3 and announced that their partner Hawk Manufacturing has achieved 21% annual growth. We are still quite curious about the operations of Hawk and as we have said numerous times in our previous articles there is very little information about them outside of GLER‘s press articles. They don’t have a site and as a matter of fact neither do GLER whose official site is still under construction. 

We find this rather peculiar when both companies said that HAWK has $25 million in existing credit facilities and they are planning another 3 or 4 acquisitions in just the first quarter of 2014. We hoped that some light will be shed by the annual report for the fiscal 2013 but GLER submitted a notification of late filing on December 2 which gave them another 15 days. Still the report should come by the end of next week and depending on the numbers inside it the stock may go in either direction. 

The $2.5 million pump for the stock of Tiger Oil and Energy Inc (OTCMKTS:TGRO) is continuing to lose positions in early trading today. After closing 4% in the red yesterday they dropped further down right from the start currently trading for $0.45. Marani Brands, Inc. (OTCMKTS:MRIB) also had a hard fall losing 23% and dropping to $0.018. They are not being actively pumped but the company has managed to create a considerable hype around their stock all by themselves. Just keep in mind that usually when the hype starts to fade away so does the share price.