Yesterday Vital Products, Inc. (OTC:VTPI) made a significant price spike on a heavy volume which is clearly visible by the two protruding bars on the stock chart.
The triple zero company delivered a chance for a more than 200% gain to market speculators who were able to get in early in the speculative price movement.
In fact, market participants could notice that something unusual was going on with VTPI two days ago when the stock generated a volume almost seven times higher than the daily average.
On the following day, the stock exploded, rising from $0.0004 to $0.0012 on a volume of 47 million shares.
FINRA reported that 10.5 million of these shares were exchanged in short transactions which is more or less 22% of the whole trade.
Although I said above that the activity with VTPI stock was unusual, it is actually not quite correct. For, penny stocks, and especially triple zero stocks, tend to deliver such speculative performances every now and then.
Supposedly, such was the case with the last trading session of VTPI as there has been no officially published news to account for the increased trading activity and the explosion of VTPI share price.
