The Lack of Definitive News Crushes Cal-Bay International, Inc. (OTCMKTS:CBYI)
Cal-Bay International, Inc. (OTCMKTS:CBYI)’s stock is going through a rough period and it can’t seem to decide in which direction it is heading. The shady state of the company isn’t helping and the ticker can start gathering momentum in any direction, depending on the news.
Since we were given the run around last Monday when CBYI issued a press release stating that they will be uploading their updated financials by the end of the end of the week the stock is swaying in both directions.
The momentum that CBYI‘s price was gathering in the end of last month and the beginning of this is long gone and has given way to very inconsistent movements in value, while the ticker is being heavily traded. Yesterday was just another session that CBYI‘s stock registered in the red in anticipation of the filing of their financial report.
Yesterday the ticker lost a hefty 42.86% in value as it went from $0.0021 to $0.0012. The stock’s price didn’t move much until the final hour and a half when most of the day’s trading took place, accompanied by the fall in price.
Even though most of the day was quiet the trading spree in the end of the trade session helped generate a volume that was double the ticker’s average with a total of 280 million shares and helped generate a trade value of $361 thousand.
Today’s session started off badly as well as CBYI submerged and joined the tripple zero stocks briefly, but even though there was heavy trading the ticker somehow managed to regain its value and is currently 53% up from yesterdays close at $0.0019.
Where will it go from now, you will ask. This can’t be said until we see what the company’s actual state is. Until then be sure to stay away, or if you do decide to make a speculative play be ready to take a great risk.
Globalstar, Inc. (OTCMKTS:GSAT) are yet again in the top of our chart of companies with highest dollar volume with $12 million in yesterday’s session, as they finally managed to breach the $1 barrier.
On the other hand Virtual Sourcing, Inc. (OTCMKTS:PGCX) lost a whopping 45% in value, on record volume yesterday and generated $337 in trade value.
