The change in the stock price of Empire Oil Refineries Corp. (PINK:EORZ) is not exactly exceptional, but the trading volume is. At least, there was nothing in place that would suggest what was about to happen on the stock market this Wednesday. 
Tuesday was quite different. Just 5,000 shares exchanging hands, no major change in the share price, the session closing at $0.011 per share. No news, no promotions, no rumours flying around, no balance sheets or any other documents being filed in. Just like yesterday. Yesterday, however, the trading volume was almost 200 times bigger. The share price did not benefit much from it, but still – there must be something going on for 953k shares to change hands during the session. After all, there are not many sessions in the entire trading history of EORZ that enjoy such interest from traders.
There is, actually, one interesting fact about this week. Today is the fiscal year end. But, after all, there are no results posted, and it is not likely that they would come out very soon, given the time span between quarter ends and balance sheet releases for previous periods. For the moment, interested parties are left with results in the 10-Q for the second quarter of 2011, which include the following: [BANNER]
- $16k in cash;
- $206k in total current assets;
- $1.1 million in total current liabilities;
- $2.6 million in accumulated deficit;
- $76k in net loss;
Nothing exceptional in the figures, given that this is a pink sheet enterprise. As usual, there is much uncertainty. There are, of course, opportunities for short-term profits, but they come along with a high level of risk, which not all traders might be comfortable with.
