{"id":3760,"date":"2014-01-30T16:12:35","date_gmt":"2014-01-30T16:12:35","guid":{"rendered":"\/?p=3760"},"modified":"2014-01-30T16:13:23","modified_gmt":"2014-01-30T16:13:23","slug":"coda-octopus-group-inc-otcmktscdoc-crashes-on-high-volume","status":"publish","type":"post","link":"\/articles\/coda-octopus-group-inc-otcmktscdoc-crashes-on-high-volume\/","title":{"rendered":"Coda Octopus Group, Inc. (OTCMKTS:CDOC) Crashes On High Volume"},"content":{"rendered":"

\"CDOC_chart.png\"The general direction of Coda Octopus Group, Inc. (OTCMKTS:CDOC<\/a>)’s stock has been upward for quite a while, but considering their operations, the attention that it is getting from investors is rather low. <\/p>\n

The stock started climbing faster recently, as there is much more feedback about the company development since the beginning of this year. Yesterday, however, we saw a serious correction, which was quite the mistery.<\/p>\n

For no apparent reason the company stock started sliding down violently in the afternoon and we saw some big volume, most probably generated by people who got cold feet and decided to get out with smaller losses.<\/p>\n

Selling lower and lower in price, CDOC<\/a> closed the session with a big 41.94% loss at $0.18 on more than 3 times its average volume. In the end, the count of the shares that had switched hands during the day came at 1.39 million, which had generated $313 thousand in dollar volume.<\/p>\n

It is interesting that CDOC<\/a> isn’t getting much attention considering their financials. The latest annual report, covering the yearly period ended October 31, 2013, filed under the alternative reporting standard in the OTC markets contained the following numbers.<\/p>\n

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