its traded volume rose over 101 million shares. Apparently, traders are getting more and more disappointed by BFHJ and sell their shares heavily.Last week, Beneficial made a couple of gains on the market, though after that the stock started to move down. The strange fact here, is that the fall appears to be contradictory to the positive news released by the company during this month.
First, Beneficial announced its new in-house marketing company, then the partnership of its subsidiary and the campaign for affiliates. In the end, BFHJ reported that its new casino has opened and accepted deposits from non-United States residents.[BANNER]
Although a huge jackpot was announced, it seems that the positive news wasn’t enough to provoke the investors and BFHJ kept going down.
Beneficial Holdings, Inc. is a casino investment holding company, specializing in acquiring undervalued gaming assets. Over the last month, the stock was trading higher, however, it moved down shortly and presently its trading range is up to $0.01.
The otcmarkets website has posted an “Insider Trading Warning”, saying that the pink sheets company “may not be making material information publicly available”, so the financial condition of Beneficial remains unknown. In that case, before making any decisions investors are advised to contact the company for current information.
