Left to free float without any reports and news for support, Strategic Mining Corp. (OTC:SMNG) has just gone through a very volatile trading period.
At the end of January, the stock skyrocketed on a heavy volume. In a couple of session the stock price jumped from around $0.008 to $0.03.
After SMNG peak on February 2, it started to slide down in a feat of correction. The correction period had been continuing until yesterday when another price spike was registered by the stocks.
Namely, on the last trading session SMNG rose by 61% to $0.029 on a volume of 2.6 million shares. The trading volume was five times higher than the daily 
average.
The daily report by FINRA showed that 1.7 million of these shares were sold short. This means the short volume reached 64% of the whole volume on Thursday.
As it was already mentioned, SMNG hasn’t issued any updates recently. Therefore, the reason for the underlying stock surge from yesterday seems to be speculative in nature.
