Axion Power International, Inc. (OTC:AXPW) has not published any official news since Nov. 22. Nor has AXPW stock been subject to paid advertising campaigns. Nevertheless, AXPW somehow managed to shift almost 1 million shares of common stock yesterday.
Closing at $0.29 per share, AXPW scored a third consecutive session in which it did not change a whit. While risk lovers may define AXPW’s market behaviour as too stubborn to attract their attention, risk-averse traders have already set their eyes upon AXPW, hence the unusually high volume the company reached yesterday.
As it turned out, AXPW ended up 8 shares short of hitting the 1 million volume mark. Nevertheless, 999,992 is quite an impressive number, as well. In fact, it is head and shoulders above the daily average trading volume of 406 thousand.
AXPW’s latest press release dates back to Nov. 22 when the company proudly announced that its PowerCube(TM) battery energy storage and battery system was to serve as an external power resource for the PJM Regulation Market, which had never happened before.
