Even though the stock of First Surgical Partners Inc (PINK:FSPI) has only been traded for about eight months now, it has already transformed into one of the most controversial stocks on the market, as well as one of the top decliners on the charts.
When FSPI stock started trading on Mar. 1, it shifted 445 shares and closed at $4.00 per share. Following a 10-day absence, FSPI returned skyrocketing to an impressive $20 per share with 100 shares changing hands. Then, FSPI disappeared into the blue for a while, only to return three months later at half this value. It was not until another three-month pause passed that FSPI stock started trading on a daily basis, albeit around the $2.00 level.
Yesterday, FSPI recorded what appears to be its highest volume ever. A total of 106 thousand shares of common FSPI stock changed hands, which is light years away from the daily average trading volume of 5,400. No news seem to have triggered such a big volume surge as the last official corporate update was published on Nov. 29. Back then, the company announced it would make a 30-minute corporate presentation at the RedChip Small-Cap Equities Virtual Conference scheduled for Dec. 1.
Unfortunately, no investor feedback has been provided to determine whether or not the event was a successful one for the company. Judging from its market performance within this period, investors hardly seemed to have any substantial interest in FSPI. What is clear, however, is that, over the course of the last four weeks FSPI has remained as consistent as it could possibly be, which makes it an attractive investment for risk-averse market players.
