Olie Inc (OTCBB:OLIE) Jumps Back Up
After gaining a whopping 2233% in just a few sessions, the value of Olie Inc (OTCBB:OLIE)’s stock started to decline.Since it reached a peak in price of $0.014 on December 17, the ticker lost as much as 67% of its value before yesterday’s session.
It seems that the press releases before Christmas which announced the company’s plans for 2014 were enough to provide for a green session after the holiday and OLIE regained some of the value it had lost in the previous days, on a decent volume of traded stock.
The jump was quite big and the ticker added a hefty 53.33% to its value, closing the session with a price of $0.0069 per share. The total amount of shares that switched hands during the session came at a whopping 37 million and generated $231 thousand in dollar volume.
This is nowhere near the interest that OLIE commanded in peak promotion, but then again it’s surprising the crash wasn’t bigger, considering the dire financial state in which the company is in, as per their latest financial report.
Speaking of financial reports, OLIE filed a NT-10K yesterday, informing investors and the SEC that they will be late with their annual financial report and everyone is hoping that it will be better than the previous one.
In any case, be sure to do a lot of due diligence and weigh out the risks if you have any thoughts of investing in OLIE, especially having in mind the massive paid promotions that the stock is prone to.
Amarantus Bioscience Holdings, Inc. (OTCMKTS:AMBS) also had a pretty good session yesterday with a 23% gain in price. Bison Petroleum Corp. (OTCMKTS:BISN) on the other hand didn’t fare that well and dropped 15% in value.