{"id":3600,"date":"2014-01-14T16:15:41","date_gmt":"2014-01-14T16:15:41","guid":{"rendered":"\/?p=3600"},"modified":"2014-01-14T16:16:01","modified_gmt":"2014-01-14T16:16:01","slug":"fusion-pharm-inc-otcmktsfspm-trying-to-recover","status":"publish","type":"post","link":"\/articles\/fusion-pharm-inc-otcmktsfspm-trying-to-recover\/","title":{"rendered":"Fusion Pharm, Inc. (OTCMKTS:FSPM) Trying To Recover"},"content":{"rendered":"

\"4FSPM_chart.png\"Fusion Pharm, Inc. (OTCMKTS:FSPM<\/a>) is another stock that benefited from the hype surrounding the medical marijuana industry after dispenseries started selling pot for recreational use in Colorado. The jump they made was a bit late, compared to other companies in the sector, but was substantial. <\/p>\n

After breaching the $2 per share mark, however, FSPM<\/a> dropped and did it quite fast, losing 32% in just one trading session. The volume of traded stock also became smaller and the daily trade values fell below $1 million.<\/p>\n

Now, the ticker is trying to recover from the fall and despite the lack of news, it managed to secure a green day in yesterday’s trading. The large amount of traded shares in the beginning of the session pushed the price as low as $1.03 per share, but FSPM<\/a> managed to recover after things quieted down a bit and began to climb.<\/p>\n

This attracted more attention and we saw some more intense trading around 02:00 PM, when the stock’s price reached its peak for the day of $1.63 per share. By the end of the session FSPM<\/a> had gained 19.84% in value and closed at $1.51. The 595 thousand shares that changed their owners on the other hand managed to generate some $801 thousand in dollar volume.<\/p>\n

What’s bad is that we have no current information about the company’s financials and the latest report covering the quarterly period ended June 30, 2013 doesn’t really give promising numbers.<\/p>\n

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