Tirex Corp. (PINK:TXMC) has been running wild in the last couple of days.
Investors can take a look at the stock chart and see that in a matter of five session TXMC has managed to push through the sub penny border and has practically quintupled its share price.
During the mentioned period, TXMC stock value increased from $0.0005 to $0.0024. In fact, on the last trading session, TXMC even reached an intraday high at $0.005.
The volume on the last trading session was 25 times higher than the daily average. More than 103 million shares were traded, while the daily average for the company is 4 million.
Thus, TXMC has delivered an extraordinary speculative play which only a pink sheet company is capable of; especially a limited information company such as Tirex.
The catalyst which stands behind this huge surge of TMXC is the news which was disseminated last Friday.
The publication on the OTC Markets showed that TXMC had entered into a joint venture agreement with Wyoming corporate headquarters LLC of West Columbia to recycle scrap tires.
While the news was apparently the cause of the Friday’s spike, it is beyond perception what had caused the rise beforehand.
