Although, Exit Only Inc (PINK:EXTO) hasn’t filed any report since 2009, this apparently hasn’t prevented the company to rise at a steady pace throughout the year.
As a matter of fact, there was some kind of decline at the end of July, but after a double bottom pattern on the chart EXTO surged up once again.
Yesterday, the company reached a 52-week high after an intensive trading session. At the end of the day more than 74 million shares had changed hands, which is nine times higher than the daily average. The share price increased by 41% to $0.0086.
The stimulation for the stock came from an announcement which was published on the Marketwire system. The company declared that its subsidiary, Cosmic American Rare Earth Inc, got the mineral claim rights of the WOW Property for 10 million restricted shares.[BANNER]
Along with the announcement, a couple of trade alerts on EXTO also appeared. The first one came just before the start of the session, the other ones were issued at midday.
The fact that EXTO is a no information company and common investors have no idea about its financial state has, obviously, not been an obstacle to the stock’s appreciation. However, the limited information nature of the company can strike back any time at common investors, who are most likely stimulated by the skyrocketing gold prices.
