Anyone who has been reading my articles recently have noticed that I like to write about unusual stocks and unusual stock movements. You may have read The Stock that was
Up One Thousand Percent Today and
The Stock that was Up 11000% on Friday. Now there is one that takes the cake.
If you looked at Kbridge Energy Corp. (BMMCF) on Yahoo! Finance today, Tuesday, August 27, 2013, 12:49PM EDT, you would see that the stock is up 259,934.34% today!!! (See graphic)
The previous close was 0.0002 per share, and now it is trading for 0.52 per share. In other words, if you had invested $100 in the stock to buy 500,000 shares, it would now be worth $260,000. The company is a broker for energy and resource related contracts in South Korea. It is based in Las Vegas, Nevada
Is this a sign that we are in a bubble? As always, I never recommend anyone buy or short these kinds of stocks.
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