The final market performance of National Holdings Corporation (OTC:NHLD) for 2011 turned out to be quite an extraordinary one. Why? Mostly because NHLD beat the odds and doubled its value.
Gaining an astonishing 122.22%, NHLD stock closed at a four-month high of $0.40 per share on a 52-week record volume of 209 thousand. Thus, NHLD brought to an abrupt end the two-week downward trend it had fallen into.
Surprisingly enough, NHLD’s jump does not relate to any press releases. Nor has the company filed any recent financial reports. On the contrary, NHLD filed an NT 10-K form with the SEC on the last working day of 2011. The latter means that investors who have a vested interest in NHLD will have to wait a while before they finally lay their hands on fresh financial information about the company, which is already long overdue anyway.
In a nutshell, instead of getting a full-blown annual report for the fiscal year ended Sept. 30, 2011, NHLD supporters received nothing short of a mere notification of late filing. Nevertheless, it was on that same day that NHLD recorded one of its best market performances ever.
What the charts have in store for NHLD in the new year will be largely dependent upon the company’s ability to:
- submit its long-awaited financial reports;
- offer a commercially viable project to its stockholders.
