TREND EXPLORATION, Inc (PINK:TRDX) has grabbed the up move over the past days. Yesterday, the climb continued and TRDX_chart1.pngTRDX added the next 32.35% to its price, while its traded volume jumped over 67 million shares for the day. Considering these unusual values, it looks like something is definitely going on with the stock.

Following the records, there are a few reasons that have opened the high trade. The first one should be the stock alerts, in which TRDX has been presented as a “possible breakout” on the market. Further on, the promotion yesterday and  the positive news about Trend Exploration immediately pumped up the shares price. According to the announcement, one of the company’s subsidiaries Preferred Distribution, Inc. was in the process of launching a pharma distribution division. The new division is supposed to provide TRDX “with a tremendous opportunity for significant revenue growth”, which has obviously attracted the investors.

It was the first news for Trend Exploration since end-November, though it has ensured the gain. Still, it’s too soon for the bullish trend to be confirmed.[BANNER]

TRDX_logo.jpgTrend Exploration, Inc. is a company focused on medical, dental and bio tech products and services. Historically, TRDX has traded much higher, however, since last summer the stock price has moved down significantly. Though the price is going up, currently TRDX is trading in the range of its 52-week low. 

According to its quarterly report, the company has more assets than liabilities on its balance sheet, however, its deficit exceeded $3 million by end-September 2010. Besides, the revenues of TRDX have decreased as compared to the previous year and the net loss got much higher.

Due to the incurred losses since inception, “The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations”. Thus, the management is searching for additional financing to cover the expenses.  If they don’t find such, the future operation of Trend Exploration cannot be guaranteed.