Keyuan Petrochemicals, Inc. (NASDAQ:KEYP) has been rising since its first session on the OTC market at the beginning of October.
Having started its over-the-counter history at $1.05 per, KEYP surged up and hit $2.03 per share over the course of one month.
The average daily volume has been established at 60 thousand shares. Compared with this indicator, the last two sessions of KEYP scored significantly higher trading volume.
The increased trading activity was underlined by a press release announcing the financial results of the first half of 2011 published two days ago.
However, despite the positive development in the volume and price of KEYP stock, the OTC Markets website has issued a warning to investors who are interested in this stock.
In truth KEYP has gotten rid of its caveat emptor sign, but it has given place to another warning sign which shows that the quotes of KEYP are unsolicited. OTC Markets says that investors should be aware that no firm is making a market in this stock on OTC Link. All prices reflect unsolicited customer orders and investors may have difficult time selling this stock.
This warning by the OTC Market may reveal a certain speculative note in the performance of KEYP on the open market.
