Anastas Gegov

Amarium Technologies, Inc. (OTCMKTS:AMMG) Drops, Despite Optimistic PR

by Anastas Gegov October 3, 2013
9AMMG_chart.pngAmarium Technologies, Inc. (OTCMKTS:AMMG, AMMG message board) is having a tough week. It has been going down since Monday and the drop is substantial, even though they managed to close Tuesday's session with the previous day's price.

Yesterday they lost a hefty 17.02% on a massive amount of traded shares. The dumping fiasco in the beginning of the session managed to push the price of AMMG as low as $0.35, but it regained some of its value and continued moving in a seemingly straight line until they closed at $0.3651 per share.

The total amount of traded shares came at 999 thousand and managed to generate a healthy $399 thousand in dollar volume. This was expected after more and more people began to realise that the claims from the created landing page, used to promote AMMG are far from reality.

Today's session isn't starting very well either. In a little less than 2 hours the ticker has dropped 26% and is currently priced at $0.27 per share, with a massive 722 thousand shares that have switched hands and a trade value of $214 thousand.

340LOGO.pngThe price is getting closer to that of August 19, when the ticker started rising and recording high volumes of traded stock. It will come as no surprise if AMMG continues the day in a similar fassion and we are sure that many investors will shed their holdings in order to avoid higher losses.

With all the bogus claims of the paid promotion and current price movements the stock of AMMG is one of the riskiest and we advise you to do a lot of due diligence if you have any thoughts of investing in it.

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