In September, the share value of Sun River Energy Incorporated (OTC:SNRV) declined significantly. Since the beginning of last month, SNRV stock devalued by more than 40% as the share price plunged down from $3.54 to $2.05.
The decline was also accompanied by an increased trading activity. The volume generated in the sessions rose up and reached a record on the last day of September.
In the last session, SNRV shares went down 8.89% to $2.05 per share on a volume of 63 thousand shares. This is three times higher than the 3-moth average volume.
After the last plunge of SNRV, the stock has wiped out all of the outstanding appreciation that it had achieved since the start of the year and retreated back to the price levels from the end of 2010.
The short volume was lower than half of the total generated volume. Data from the FINRA website shows that 17 thousand shares out of 63 thousand took part in short transactions for the last session.
There hasn’t been any recent news by the company to account for the downward twist of SNRV shares. Apparently, even the shareholder meeting which was held last month at the Dallas park Cities Hilton Hotel was not able to bring fresh air into the stock.
