approximately 18% on the market and its volume jumped over three million shares traded.There is no other way for the phenomenal price jump to be explained, except the latest series of positive news released by the company. The last one reported that EIGH was to begin launching sporting centers of excellence with the Barbados Cricket Legend Desmond Haynes.
However, despite the optimistic announcements, the pink sheets company kept losing on its price, when all of a sudden it started to move up two days after the news was released. Looks like something has provoked the investors’ attention, though no one can be certain on the future of the up move.[BANNER]
According to the historical data, EIGH used to trade about 50% lower over the last months. During that time, not much news on the company can be found. Though, EIGH stock has had regular ups and downs that cannot be explained.
The financials of the company are not much promising as its assets are as much as its total liabilities and stockholders’ equity and EIGH has incurred some expenses as well as an operating loss.
Based on the quarterly results, after the company covers its losses, it should raise additional cash to perform its business activities.
