Liberator Medical Holdings, Inc. (OTCBB:LBMH) With a Monday Volume Spike

After daily trading volumes for Liberator Medical Holdings, Inc. (OTCBB:LBMH) had cooled down compared to September’s figures, this Monday the ticker suddenly traded its biggest volume for the past three years.

The share price swung wildly both ways and there was huge intra-day volatility. After opening up and keeping it mostly steady around $2.23, the stock went through a sudden price spike that happened on large volume, sending the ticker over $2.30. An hour later LBMH found itself hitting $2.00 for an instant.

The price quickly recovered and settled at $2.24 by the closing bell. Chart lovers will probably want to point out that the stock continually manages to bounce off its 50-day moving average following a slip and then shifts into higher gear to start a new climb.

Yesterday LBMH published an 8-K informing that its annual shareholder meeting was held on October 25. The filing contains the remarks of LBMH‘s President and CEO, highlighting the company’s achievements over 2013, as LBMH‘s fiscal year ends on September 30, so their next 10-K is due soon.

Some of the strong points mentioned include double-digit growth year-over-year, executed with reduced advertising expenses, as well as the cash dividends paid out over the last three quarters and the down payment of $1 million on LBMH‘s line of credit.

Those figures certainly sound pleasant for an OTC enterprise but they alone can’t be the cause for all the volume yesterday. The great volatility might mean someone was trying to sell but got cut short around the $2.00 mark.

Liberator is currently trading nearly flat, less than half percent up in the early hours.