Global Earth Energy, Inc. (OTCMKTS:GLER) Jumps Again
Global Earth Enery, Inc. (OTCMKTS:GLER) made another mistery jump in yesterday’s session, after it climbed a whopping 116% on January 22. It seems that there is no paid promotion and no news supporting the climb as was the situation with the previous one.
The only news from the company was a reminder of their financial report for the period ended November 30, 2013, which wasn’t pretty. You can see the numbers of prime interest contained in it and be the judge for yourself.
- cash: $0
- current assets: $0
- total liabilities: $6.9 million
- revenues: $0
- quarterly net loss: $1.2 million
Yesterday, they showed us once again these grim results and yet again their stock went through the roof, jumping 72%, closing at $0.0019 on a massive volume. We saw a total of 230 million shares switch hands, which generated $343 thousand in dollar volume.
Today’s session has started in the same manner and the ticker is already 21% up in price at $0.0023 on a volume that is closing in on yesterday’s. However, how long will the stock continue to climb without any apparent reason?
We reckon that the fact that Hawk Manufacturing is going to acquire GLER is a big reason for the upward climb, but the news are already old. This makes the company stock very unpredictable and risky.
In any case, be sure to do a lot of due diligence and weigh out the risks before jumping on their train.
Intellicell Biosciences, Inc. (OTCMKTS:SVFC) also made a good jump yesterday, gaining some 54% in value. KleanGas Energy Technologies, Inc. (OTCMKTS:KGET)’s shareholders weren’t so fortunate as the ticker lost 19% of its price.
