DigiPath, Inc. (OTCBB and OTCQB: DIGP), a digital pathology solution provider that is expanding into the cannabis testing and education markets, announced today there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the recent unusual market action.
“We have noticed unusual price and volume increases for our securities over the last three trading days,” said Steve Barbee, CEO of DigiPath. “While we appreciate the increased attention DigiPath is receiving from the market, we are unaware of any corporate developments outside of those previously disclosed in our filings with the Securities and Exchange Commission that would explain these increases.”
The stock closed at $0.51 on Friday, July 25 but after opening at $0.55 on Monday, July 28, it traded as high as $6.00 per share and finally closed at $2.50. That day, it traded over 400,000 shares but averages less than 20,000 shares traded daily (previous 3 months).
We have not yet seen any websites or newsletters that have pumped the stock; and seen nothing more than message boards and traders taking advantage.
This again highlights the need to follow only unbiased penny stock picks and penny stock newsletters as most are either paid to pick a stock or own shares and are actually selling when telling you to buy!