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Tuesday, October 14, 2014

The Stock That Was Up 8,191,900% Today

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.


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3 comments:

  1. Anonymous8:01 PM

    So if I had bought $12,500 worth of shares of this stock yesterday, I would now be a billionaire?

    ReplyDelete
  2. Stockerblog8:07 PM

    Yes, that's right, based on the reported percentage gain. If only.....

    ReplyDelete
  3. Joey8:09 PM

    How about telling me what the next stock is that is going to do this?

    ReplyDelete