Would you believe that a stock went up by over eight million percent today? According to Yahoo Finance, a stock called Sharpe Resources Corp. (SHGP) was up by 8,191,900% today.
What this means is that you could have invested $100 in this stock yesterday, and it would now be worth over $8 million.
Sharpe is a Virginia based company in the business of developing mineral resources and oil and gas in the western US, with an emphasis on coal, coal bed methane, and shale gas projects.
I was unable to find any news on the company. It must have hit one heck of an oil well. There is a possibility that there was a reverse split, but if there was, it would be a world record.