A lot of times OTC Pink stocks spike or run on rumors, unconfirmed news or financials. With the current run of Stratton Holdings Inc (PINK:STHG), things seem to be near the extreme.
Yesterday, STHG closed at $0.0051, adding another 34.21%. The volume of approximately 185.7 million shares is a new 52-week high for the stock. A close second is the 55.56% drop on 179 million shares from Jul. 1 last year.
Yesterday’s performance made STHG a 1,000% winner, compared with the pre-run price. It isn’t clear what caused the run. The company hasn’t released any news since early January.
The latest financial report was published in April, and it was no reason for a run either. There aren’t even any promotions running for STHG right now.[BANNER]
Last year, the stock had an even more impressive run, but then it was heavily promoted and the company was releasing positive PRs regularly. There are some posts on iHub mentioning a “R/M“. They are based on absolutely nothing, however.
There is also a DD GUY who posted the Google ranking link, saying STHG would explode. This doesn’t seem like a good reason for a run either, as the link shows androidlistings.com has a Google Pagerank of 0 (out of 10).
It remains to be seen if the speculative run has topped out.
