Yesterday, STOP sign bearer Beneficial Holdings Inc (PINK:BFHJ) delivered what seems to be its best stock market performance for the last six months or so. It set 6-month records both in terms of price and volume. Are there any news that might have triggered the surge? No.
By the end of the last trading session, BFHJ gained a staggering 47% in value, closing at a six-month peak of $0.0022 per share. In addition, a total of 56.8 million shares changed hands, marking the highest score since end-November. The latter is also significantly greater than the daily average trading volume of 7.2 million.
What seems quite curious about this surge is the fact that there is no news to justify it. No promotional activities have taken place either. Nevertheless, investors should not forget that Stop sign bearers and caveat emptors are in general extremely volatile. That is why huge fluctuations happen every once in a while and they rarely happen for a reason.
Beneficial Holdings Inc. occupies the coin-operated amusement devices industry. In this respect, it focuses on investing in gaming and casino facilities. Although the company was incorporated more than 20 years ago in Las Vegas, it has consistently followed a closed-door policy regarding its financials, which is why there have been no reports whatsoever for ages.
Considering the total lack of adequate financial data, investors have no other choice but to gamble on BFHJ stock. In a nutshell, risk-averse traders will most probably not find BFHJ shares attractive enough. On the contrary, risk lovers will, as usual, accept the challenge and enjoy the game to the fullest.
