A DTCC chill has been placed on Sungro Minerals, Inc. (PINK:SUGO), but that happened in December and SUGO is still trading. It even has some positive sessions.
Yesterday, SUGO managed to close up 80% at $0.0009 on 97.5 million traded shares.
Some traders expressed opinions that SUGO may continue its run today, while others thought exactly the opposite.
It’s possible that only time will tell since yesterday’s performance didn’t seem to be caused by anything in particular.[BANNER]
The company hasn’t issued any press releases for months; there are no promotions, and there is no recent filing to explain the increased interest either.
SUGO is a mining and exploration company which hasn’t generated any revenue so far, and the lack of news doesn’t look promising.
The company’s latest financial report didn’t look very good either. SUGO was short of cash and had significant liabilities. The future of the company isn’t clear at this point, although it seems the stock may stay in the triple zeroes for now.
