The trade of ePunk Inc (PINK:PUNK) has been gradually increasing in terms of intensity in the last ten days. Yesterday, the trading volume broke all limits and reached 900 thousand shares, which is 43 time higher than the daily average.
The daily average indicator, however, has suffered due to the multitude of non-trading days of the stock. Two months ago, PUNK opened the session at $2 per share. Since then, following a period of sporadic trading, PUNK shares have depreciated to $0.29.
This is the level at which PUNK closed the last session after climbing 35% for the day. Unfortunately, since PUNK is a limited information company, under the effect of a cease trade order there are a few clues that can explain the stock action. The sporadic trade also hinders the reliability of technical indicators. [BANNER]
On Monday this week, the British 
Columbia Securities Commission issued a variation of the cease trade order on the company. The document announced that the Commission varies the previous cease trade order to reflect the company’s change of name from Truesport Alliances & Entertainment to ePunk Inc.
The document issued by the Commission also indicated that PUNK has not filed the required records needed to revoke the cease trade order. This fact will definitely continue to be a burden to the stock’s trade, so it is hardly likely that PUNK enters into more regular trading until it complies with the requirements of the Commission.
