GRILLiT, Inc. (OTCMKTS:GRLT) Gaining More Value

GRILLiT, Inc. (OTCMKTS:GRLT) are at the midst of a massive pump and marketing campaign and they have gained quite a lot in their price. With positive press releases aiding the pump they look to be headed nowhere but up and we wonder what will happen to their stock’s price if things start to quiet down and their promotional campaign ends.

It all seems to be going great and after the 89% gain in value from Wednesday’s trade session and the 25% that they added to their price yesterday. Their PR team is not sleeping and press release after press releases they are announcing new franchise locations that are opening doors.

Yesterday’s session didn’t start well, as the huge amount of traded stock drove the price down from $2.75 when market opened to $2.25 in the first hour, but that didn’t manage to stop GRLT‘s ascent. After things quieted down the stock’s price started moving relentlessly in an upward direction and the biggest spike that we saw in the last hour in which they got as high as $5.35 surely made some people who sold their stock at that moment very happy.

GRLT managed to close the day at $2.81 with a volume of traded stock almost 3 times their average. The total amount of shares that switched hands in the end of the day came at 297 thousand and they closed the day with the highest trade value they have had totaling $982 thousand.

However, we found the press realease from yesterday a bit dissapointing as they only mentioned that their next store is under construction, is expected to be open in September(which is not that bad). The dissapointment came when they mentioned there will be pictures of the new location on their website, but we didn’t find any and the fact they didn’t speak of the actual location, but at least stated that that it will be located in Elizabethtown, Kentucky.

This might be the reason for which they started off on the wrong foot in today’s session, but we must also take into consideration the heavy trading in chich over 55 thousand shares switched hands in just 1 hour of trading. The price per share is currently nested at $3.55 or 5.59%. They managed to regain this position after dropping 25% in the first hour and reached as low as $2.80.

With all these promotions and the hightened investor interest at the moment the price can go at any direction especially when you have in mind that a lot of people bought in when the price was a lot lower than the current one and they might want to shed their holdings fast even if they have to do at a slightly lower values. This is why we consider GRLT to be a risky stock and we advise you to do a lot of due diligence and weigh out the risks before taking an investment decision.

Probably one of the most traded stock yesterday was that of Xumanii, Inc. (OTCMKTS:XUII), who are having a bad time lately with 5 trade sessions in the red and a probable 6th. They dropped another 16% in price yesterday and closed at $0.124 on a volume of 30 million shares that generated a trade value of $3.4 million.

The other big “winner” of yesterday was Amanasu Technologies Holdings Corp. (OTCMKTS:ANSU), who lost 25% in price and closed at $1.24, generating a trade value of $1.2 million. The dissapointing part comes when you see that they didn’t start today’s session very good also and have already submerged under the $1 barrier with a current price of $0.91.