On Friday the stock of Signature Group Holdings Inc (PINK:SGGH) tanked to a new yearly low on no official news released. Trading volume was huge as well, suggesting that maybe it is time for the company to file some current financial data. 
SGGH closed the last trading session at $0.57 for a share, with a 5% decline from the previous close and a total trading volume of 421,400 shares. The stock price fell down to $0.54 during the session, which is a new 52-week low. SGGH also went further down into the oversold area, according to the RSI indicator.
The only clue about SGGH progressive decline since the end of May gave a message board post from Thursday last week. It provided a link to a document from the court, saying that the company has for a second time requested the extending of the deadline by which it must object to certain claims related to the confirmed plan of reorganization. The deadline be extended from June 8, 2011 to December 8, 2011.
Otherwise, SGGH has not made recent data about its business public and it is not officially issuing much of news as well. The latest two 8-k of the company came out more than two weeks ago. Then, the company informed that Robert A. Peiser has resigned as a member of the Board of Directors and from all committees on which he is serving. On the same date, SGGH filed also an update related to its 9% Trust Originated Preferred Stock Securities that were extinguished in June last year.
Due to the scarcely available data, it is not possible for traders to estimate the company’s fundamental potential. It is known that Signature Group Holdings has been engaged in proving financial services and that it emerged from its bankruptcy proceeding in June last year.
