Thwapr Inc (OTC:THWI) finished the last trading session in green numbers and a notably higher trading volume.
The stock’s quote from Friday shows an intraday low at $0.009 and an intraday high at $0.014. THWI slid along the lower mark in the first half of the session.
In the second half, however, THWI stock suddenly pushed up and kept trading around the higher intraday border until the end of the session.
At the closing bell, THWI had risen 41% as compared with the previous close and reached a share price of $0.0134.
The trading volume exceeded 3.4 million shares which is almost double the daily average. 1.2 million of these shares were exchanged in short transactions as pointed by FINRA statistics.
The sudden shift in THWI stock value was not provoked by any official means. There was no report or news filed on the OTC Markets, nether was there any news published on the corporate website of the company.
Maybe the higher market activity with the stock was produced by the technical side of THWI. In fact, the stock has just registered a new 52-week low and speculators might have decided to enter long after the MACD histogram turned positive in the middle of last week.
