Just like that, out of a sudden, Pioneer Exploration Inc. (PINK:PIEX) stock hyped yesterday. More than 100% increase in the share price. The interesting part – this is the second session with any activity in the last few months. So, what happened 
More than 50k shares exchanging hands. A session, closing at 1.06 per share, for a total of a 112% increase for the day. No news, no promotions, nothing of particular importance. The day before that, the trading volume was 300 shares. Two days before that, it was 0. Two months ago, it was 0 again. In fact, July 26th was the last time trading activity for PIEX took place. Let alone, on Tuesday the stock price of Pioneer was $0.10 per share. So, what would today be
In the meantime, if there is additional interest for this stock, it might be better to check what the financial situation of the company is. The last balance sheet to come out was the 10-Q with an end-date May 31st. It includes the following, among other data: [BANNER]
- $4.9k in total assets (cash only);
- $302k in total liabilities;
- $494k in accumulated deficit;
- $14.6k in net loss;
The figures above contribute to a picture of uncertainty. Uncertainty, which also means a high level of risk, which not all traders might be comfortable with. Especially the fact that the total assets of the company amount to less than $5,000. This makes it quite hard for an informed investment decision to be made.
