EpicQuest Training (NASDAQ:EEIQ) inventory is taking off on Wednesday with none information that explains the inventory’s rally right now.
As of this writing, there’s been no new press releases or filings with the Securities and Alternate Fee (SEC) that specify why shares of EEIQ are climbing right now. No analysts have weighed in on the inventory both.
What is occurring is heavy buying and selling, which appears to be behind the rise in value for EEIQ inventory right now. This has practically 4 million shares of the corporate’s inventory altering palms as of Wednesday morning. For the file, the corporate’s every day common buying and selling quantity is a fraction of that at round 14,000 shares.
The heavy buying and selling right now explains the rise in EEIQ inventory as traders purchase shares. It’s probably that the corporate is getting pumped up by speculative merchants throughout pre-market hours. Which means we would see the inventory lose floor later right now.
It’s doable for merchants to control EEIQ because it’s a penny inventory. This comes from the already-mentioned low buying and selling quantity, a share value of $1.46, in addition to the corporate’s market capitalization of $16.701 million.
What Is EEIQ Inventory?
EpicQuest Training is an training options firm for home and worldwide college students. It operates out of Ohio and was based in 2012. The corporate went public in a $6 million preliminary public providing (IPO) again in March 2021. This noticed it promote 750,000 shares at a value of $8 per share.
EEIQ inventory is up 93.1% as of Wednesday morning.
Traders on the lookout for extra of the latest inventory market information will need to hold studying!
We’ve acquired the entire greatest inventory market tales value realizing about on Wednesday! Amongst that’s the reason shares of Minerva Surgical (NASDAQ:UTRS) inventory are up, the pre-market inventory movers making the largest strikes this morning, and extra. All of that is able to go under!
Extra Wednesday Inventory Market Information
On the date of publication, William White didn’t have (both instantly or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Pointers.
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Learn Extra: Penny Shares — The right way to Revenue With out Getting Scammed
