Maybe, some investor will accept the scenario that yesterday Silver Sun Resource Corp. (CVE:SSU) stock rose on an unintended marked activity, maybe others will not.As we all know, there is no market activity only if there is no demand and supply of a certain good.
Further more, the economic theory teaches that when there is strong supply and no demand, or vice versa, that situation results in abnormal fluctuations in the price of a good.
Referring to that theory, it looks like yesterday not some intended market activity was the reason for SSU unexpected rising up.
Only on its web page and not in SEDAR, the company released that its “management is unaware of any material change in the company’s operations that would account for the recent increase in market activity”.
At the same time, the next sentence after the declared unawareness yesterday mentioned the recent application of SSU for listing on the Frankfurt Stock Exchange.
Again at the same time, the latest available official filing of the company in SEDAR was the one from last Tuesday. The filing was related not to the above mentioned listing of the shares on the Frankfurt Stock Exchange. In a quite short form and using condensed approach, Silver Sun Resource Corp. announced the date of its upcoming annual and special meeting of the security holders. Not even an agenda of the event has been published.[BANNER]
Following the company’s stock performance on its price chart here, it is not difficult to see that SSU has the typical “behavior” to jump up from time to time on no news.
The latest such jump was at the beginning of this October, when SSU published on its web site, not filled with SEDAR, the received metallurgy test results for its Zacatecas properties. Then, on the released optimistic news SSU stock returned back strongly and surged afterward 20%.
So, it is up to investors to select the final scenario for yesterday’s 30.77% price pull up of SSU stock.
