If you have been watching Minerco Resources (OTCQB: MINE) you have seen the price move up sharply, followed by a steep decline in the past few weeks. Today things seem to be turing around a bit. Today shares have been up as much as 14.5%, although with just over an hour to go in the market day, that gain is not necessarily looking like it is going to hold. Perhaps the terms of the financing announced a couple of days ago (see below) could lead to a very negative impact on current shareholders? That seems to be the biggest reason for the recent sell-off.
Yesterday’s volume crossed over the 180 million share mark. Today’s volume is significantly less than that, but still it is approaching the volume average.
What’s behind MINE?
Maybe it’s a CAFFEINE BOOST?
