Refill Energy, Inc. (OTCMKTS:REFG) On The Downside Again
Refill Energy, Inc. (OTCMKTS:REFG) is swaying both ways as it is being touted via radio and a promotional page. After the decent sessions in the end of last week, this week starts bad and no one knows where the ticker will go.
The last 2 sessions of the past week went quietly, as investor interest quieted down judging by the volumes in which REFG’s stock was traded. Both days registered 10% gains in price and it seems that the small drop in Monday’s session was enough to spark a dumping fiasco.
The fact that only 66 thousand shares were traded in Monday and the price still dropped led some people to the decision to shed their holdings. Yesterday, we witnessed heavy trading in the first half of the session that peaked at around noon, while the price was experiencing jumps and relapses, but generally heading down.
After trading slowed down, the price began to move in a seemingly straight line until REFG closed 14.29% down, priced at $0.36 per share. The amount of shares that switched hands in the session came to a massive 1 million and helped generate an estimated $414 thousand in trade value.
Today’s session doesn’t start any better, as REFG has already lost 19.44% in a little less than 2 hours in the session and the amount of shares is above 800 thousand. It looks like it’s gonna be a hot session for REFG and the possibility that they will record a bigger loss in price remains.
On one hand, this morning’s news that REFG is assembling a sales force under its new name, Medical Cannabis Payment Solutions might turn things around after the initial dumping spree. On the other hand, REFG is a speculative play that can turn in any direction, so it still remains uncertain.
This is why we advise you to stay away from this particular ticker if you are looking for a long-term investment, and to be prepared for big losses if you are looking for a speculative stock.
Globalstar, Inc. (OTCMKTS:GSAT) is continuing to command big dollar volume and records small percentile movements. The bright side is that it is gathering momentum in an upward direction since the end of last week and managed to breach the $1 barrier in Monday.
Another one of the stocks that register high trade value currently is Alkaline Water Company, Inc. (OTCBB:WTER), who were unfortunately sliding down. Today, however, they started better and are regaining value. Only time will tell if they will close in the same fashion.