USBL’s share price closed at $1.30 cents, up $1.27, or 4,233.33% from the previous day’s close of 3 cents a share.
Some industry sources speculate that the sudden surge in the United States Basketball League’s stock volume and share value is a direct result of hype backed by little substance.
This is pure speculation.
But we do know that USBL hasn't been the most active ticker on the OTC Markets over the last few years. Trading has been pretty much non-existent and the company has not been issuing any press releases or making any significant news.
Moreover, it financials are not inspiring. As of Nov. 30, 2013 the United States Basketball League had:
- $17 thousand in current assets
- $2.4 million in current liabilities
- $12 thousand in quarterly revenues coming from a lease agreement
- a $21 thousand quarterly net loss
We will have to wait and see if there is really something solid fueling USBL’s sudden surge, or if it is just blip spurred on by hype.
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Cheung Kong HOLDINGS Ltd Stock Volume Soars
In other news, Cheung Kong HOLDINGS Ltd. (OTCPINK: CHEUY) share volume skyrocketed Apr. 15, with 1,024,587 share changing hands, more than six times its three-month average volume of 167,970 shares.
Since the Hong Kong-based developer is not in the news and issues few press releases, what is fueling this latest volume is anybody’s guess.
But here is what we do know about the company:
Cheung Kong Holdings is one of the largest developers of residential, office, retail, industrial and hotel properties in Hong Kong. With its long history of property development expertise and residential estates, Cheung Kong Holdings has built many of Hong Kong's most notable landmark buildings and complexes.
Li Ka Shing founded Cheung Kong Industries in 1950s as a plastics manufacturer. Under his leadership, the company grew rapidly and eventually evolved into a property investment company. "Cheung Kong (Holdings) Limited" was established in 197.
Its success is also tied to Mainland China’s growth and U.S. monetary policy.
On Apr. 15, CHEUY’s share price closed at $17.60 cents, up 5 cents from the previous day’s close of $17.55 cents a share.
Atlantia SPA Stock Volume Skyrocketing
Meanwhile, Atlantia SPA (OTCPINK: ATASY) stock volume also soared Apr. 15, with 1,175,880 changing hands, nearly 14 times its three-month average volume of 81,289 shares.
Rome-based Atlantia is a holding company. It is engaged in the construction, management, improvement and upkeep of motorway assets under concession arrangements. Because the company is not in the news and hasn’t issued any press releases this year, it’s difficult to ascertain why there has been such an uptick in its stock volume and share price.
On Apr. 15, ATASY’s share price closed at $12.40 cents, up 14 cents from the previous day’s close of $12.26 cents a share.
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