TheDirectory.com, Inc. (OTCMKTS:SEEK) Bursts Out of Nowhere

The stock of TheDirectory.com, Inc. (OTCMKTS:SEEK) has been sliding down since the beginning of the month and we can’t really say that there is much interest in it, as the volumes of traded stock are getting lower and lower.

Yesterday, however, SEEK‘s stock jumped after an optimistic press release from the company which announced that Mr. Dan Cimba will be joining the team as Vice President of Sales for TheDirectory.com. The session couldn’t have been any other way after all the superlatives contained in the PR.

Mr. Cimba has quite a lot of experience in developing companies, but there is still one question. Will he be able to dedicate enough time to SEEK considering he is still acting Director of Business Development in Louisville.com.

Everyone hopes so, because the numbers contained in the last financial report of SEEK were pretty dissapointing and they sure can use his expertise in order to expand the company business. In any case the news were good for the comapany stock price-wise.

Despite registering half the average volume of traded stock, the ticker jumped a very good 45% in price, going from $0.0024 to $0.0035. The total amount of shares that switched hands during the session came at 63 million and generated $196 thousand in dollar volume.

Considering the holiday working time of the stock market, the news might be very well forgotten until trading resumes to normal and there is still the possibility that we can see SEEK go down again. That, however, is for time to tell.

In any case, be sure to do a lot of due diligence and weigh out the risks, especially when dealing with OTC stocks.

Biozone Pharmaceuticals, Inc. (OTCBB:BZNE) also had a successfull session yesterday as their stock recorded a decent 25% gain in price. Fresh Healthy Vending International, Inc. (OTCBB:VEND) werent so fortunate and registered a third session in the red with a 28% loss.