PPJ Enterprise (OTCMKTS:PPJE) Crashes After a Good Climb

The stock of PPJ Enterprise (OTCMKTS:PPJE) was doing good, gaining value on high volume recently, however, despite the decent news from yesterday the ticker lost its momentum and quite a lot of its value.

The company announced that it has been given access to the bank records of the Defendant in their collection lawsuit yet. They have obtained over 16 thousand documents to review and assess the damages and were given 7 more days to do it so the trial is now set for February 5.

Also they announced that they have changed their transfer agent to Action Stock Transfer, which should reduce the costs to issue a free trading sertificate more than 10 times, however, the news weren’t enough to keep the stock going up.

In the end of the session PPJE‘s stock was 29.63% down at $0.0038 on quite the volume. The total amount of shares that had switched hands during the session was estimated at 57.3 million, which managed to generate $254 thousand in dollar volume.

The company stock was also targeted by Hot Penny Picks, who seem like they want to build a reputation by promoting stocks that are going up for free. The first email from them was on January 16 after PPJE gained some 108% in value and they came back to promote the ticker once again on January 20.

Hot Penny Picks also touted Easton Pharmaceuticals Inc (OTCMKTS:EAPH) after their stock gained 300% on January 8 for free, so that somehow strenghtens our opinion on the fact that they are clearly trying to make a name.

All in all, PPJE is an unpredictable stock that may crash even when the news are good, so be sure to do a lot of due diligence and weigh out the risks before you make a decision.

Growlife Inc. (OTCBB:PHOT) seems to be making a recovery after the long run it did with 5 sessions in the red. The company stock gained 18% yesterday on such a volume that it generated 13 million in trade value.