Liberator Medical Holdings, Inc. (OTCBB:LBMH) Pushes Uphill Again
In Friday’s session, Liberator Medical Holdings, Inc. (OTCBB:LBMH) managed to move its biggest volume for the week, closing over 5% up. The ticker shuffled just over 200 thousand shares and generated dollar volume of $430 thousand.
The last session marked a recovery streak, after Liberator was pushed under $2.00 for the second time last Tuesday. This was the second time the stock closed under that level, ever since its September rally began. When we last covered LBMH the stock had just dipped to $1.93 but recovery was immediate and after logging a single close below $2, the ticker shot back up to $2.15 per share in the next session.
This quick surge was however not sustained and LBMH slipped back to $1.97 last Tuesday. It seems the stock may be finding some support around the two-dollar mark as once more, after a single close below this level, the price reversed, this time climbing more steadily, to log three consecutive green sessions and reach $2.20 as of its last close.
All things considered, LBMH remains volatile, even if it has shown certain strength, bouncing back above $2 per share twice in the last month. The ticker was gunning for the $2.40 mark just a few weeks back and might take a second stab at those levels, but it remains to be seen whether there will be further hindrances down that road.
While Liberator is fighting to regain some ground, other OTC companies were less fortunate. After the session on Friday, Pacific Clean Water Technologies, Inc., f/k/a Unseen Solar, Inc. (OTCMKTS:PCWT) were suspended by order of the SEC. This seems to have been the end of Awesome Penny Stocks’ latest pump – an end that came a little too late and didn’t help a significant number of people get a nasty burn from the pump, which we have been covering from its onset.