Greyson International, Inc. (PINK:GYSN) had another session with a significant increase in the share price yesterday. There is nothing to justify that, however, apart from a press release published on Monday morning. 
The market closed yesterday with a 29.53% increase in the share price of GYSN to $0.24. Trading volume was remarkable with over 639,000 traded shares, which is more than 6.5 times higher than the daily average for the past three months. GYSN seems to be touching the $0.25 level for a second time since end-February and a moving averages cross is also forming on the chart.
GYSN bears the warning “Limited Information” sign on OTC Markets though. In fact, it is a company without any current financial information or stable fundamentals. Thus, it has a very uncertain future that cannot justify its current market cap of over $21.3 million.
It looks like the unusual trading interest has been initiated by the press releases that GYSN issued over the past several week. The last one came out on Monday morning, announcing the company had completed an acquisition of another entity that had interest in an oil and gas company.
That supposed acquisition was announced for the first time at the end of February, but it cannot be confirmed by any reliable filing as GYSN is not filing to the SEC.
