Today MORGAN EQUITIES NEW (MGQG.PK) is falling down again. The stock is already losing over 10% on its
price, while yesterday, it was gaining on top speed.
All of a sudden, it soared 256% on the market, and its traded volume jumped over 4 million shares for the day.
That’s an astonishing value for the pink sheets company, as its average volume totals only 8 thousand shares.
In that case the only question here is what’s behind the phenomenal price jump?
Morgan Equities Group, Inc. has had no significant operations so far. No other news on its business can be found, except the positive announcement that the company has completed a reverse merger with Deaf-Talk LLC, which provides interpreting services for deaf people.
It seems that having heard the news, traders got interested and decided to buy, however, their enthusiasm didn’t last for long and the stock aimed the bottom again.
Historically, MGQG has traded much lower and nobody can say how the company has survived by now. According to the records, Morgan has entered into series of agreements, though, it has filed no financial reports for years.
Based on all these facts, we can raise only one question here: “What’s exactly going on with this company?”
