Anastas Gegov

NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Digging Further Down The Charts

by Anastas Gegov May 31, 2016

NanoTech Entertainment, Inc. (OTCMKTS:NTEK, NTEK message board) hasn’t been doing all too well for a couple of months now and it has lost quite a lot of the value that it had gained after an impressive run in March, that pushed the ticker well above the 1 cent per share mark.

 

Since then, the company stock has been sliding on increased volumes and is threatening to drop into triple-zero land. This is not particularly surprising when you consider the lack of press releases in the past couple of months. The company really fell into obscurity and although we see big amounts of shares changing hands they really generate small dollar volumes.

 

It seems that things are just getting worse as NTEK was pretty active in making even the smallest of announcements just a couple of months ago. The stock has already lost more than 80% of the high that it managed to reach in the second half of March and the lack of news is just another big red flag.

 

The end of last week saw NTEK lose 7.41% of its value and close at $0.0025. There were more than 36 million shares that changed their owners over the course of the session before the weekend, but they managed to generate only $95 thousand in daily dollar volume at those price levels.

 

This week has started a bit better and NTEK is already 12% up the charts as of the writing of this article. This doesn’t change the fact that the company stock remains risky and you should do your due diligence before putting any money on the line.

Comments 2

1. Guest
June 04, 2016, 08:48AM

Quotes Crap penny stock scam. Investors run for your lives.

2. Guest
June 01, 2016, 04:22PM

Quotes up 90% since your wrote this bash piece...keep it up

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