Georgi Kamburov

Amarium Technologies, Inc. (OTCMKTS:AMMG) Get Flattened To The Ground After Massive Dumping

by Georgi Kamburov October 4, 2013
6AMMGchart.pngJust 5 days ago Amarium Technologies, Inc (OTCMKTS:AMMG, AMMG message board) were ready to test their all-time high of $0.59 but that is now a distant dream. Investors decided the price was right and started shedding their holdings resulting in 5 straight days of losses. 

Yesterday the stock got nearly slashed in half when it plummeted by 46% in a single day. The drop happened on total volume of 2 million shares, doubling the amount from the previous session and tripling the average for the company. 

AMMG tried to stem the bleeding of their stock and on Wednesday issued a rather optimistic PR article regarding their operations at the Jovita mine. Apparently they have exceeded their copper production targets, which got completely ignored by the market and the stock still crashed. This outcome isn't that surprising when we saw the lack of any concrete information in the announcement. It doesn't say what were the initial expectations or by how much has their production increased. 

6USPRchart.pngThe pumper FinancialNewsMedia also tried to earn its salary of $4500 by sending out another email alert but its efforts failed to deliver any positive effect. For a bit lower compensation of just $3500 last month they touted another mining company - U.S. Precious Metals, Inc. (OTCMKTS:USPR) with much the same results. 

In early trading today AMMG are trying to recover and are 25% up sitting at $0.24. Investors might find the current deflated price a good entry point but the company is still a rather risky bet until the next financial report is filed.

The medical company Nutranomics, Inc. f/k/a Buka Ventures, Inc. (OTCBB:NNRX) are also desperately trying to stop their fall. They announced two purchase orders during the last sessions but that wasn't enough and the stock is continuing to go even lower trading for $0.36 per share.

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