Trading Report For East Coast Diversified Corp. (NDA) (OTCMKTS:ECDC) – 08/15/2013
Shares of East Coast Diversified Corp. (NDA) (OTCMKTS:ECDC) had continued to stay at lower level of prices for the four months of trading since April 2013. The stock had not moved away from the level of $0.003 per share even with the recent surge in prices. As could be observed from the price charts, the stock had been presenting marginal corrections in prices to be of value to the traders to present short term returns. However, this does not prove significant to move the stock away from its flat trends.
As could be observed from the price charts of East Coast Diversified Corp. (NDA) (OTCMKTS:ECDC), the company had not moved away from its flat trend for the past 52 weeks. Recently in March 2013, the stock had moved on to touch as high as $0.5 per share which was further followed by sudden and steep decline to less than $0.1 per share before the month ended. After this, the company had been struggling for the past three months to move up to its earlier higher levels.
The recent surge in prices is not supported by any fundamental developments on the company’s side and it had not made any new press releases to attract huge volume of investors to its stock in the recent days. All such hype in trading had primarily been attributed to the investor excitement that was experienced by most of the penny stocks trading in the OTC markets in the recent past. Further, the company had not made any new business developments to attract so much investors to its shares. As the recent sudden surge in share prices is only due to the normal trading hype of the OTC market stocks, it is better that the investors focus on due analysis into the fundamentals of this company before deciding on this penny stock.© Copyright 2016 OTC News Magazine. All rights reserved.