$180,854,280
Yesterday, Paradigm Oil and Gas, Inc. (OTC:PDGO) stock increased by 13.21% in value, jumping to $0.18 per share. However, it was the day before that PDGO stock registered some extraordinary activity. First, there was a spectacular rise in the traded volume, which reached 6.4 million shares and broke the yearly record. Second, the stock price dropped dramatically by 50.31%.
Since, there haven't been any PR's or 8-K's lately, it is difficult to explain this remarkable activity of PDGO stock. Some forum discussions, for instance, suggested that the company's recently resigned CEO, Marc Juliar, might have went on a dumping spree that day.
Oct. 14 was the last time, when PDGO released news about its activity. Then, the company announced that its T-EOR platform had passed testing and was approved for field use. Therefore, the platform has been sent to the company's Chilson properties for its first field use. As a result, the next day, PDGO stock price rose by 6.67%, although volume was only 33 thousand shares.
PDGO is a company which identifies and acquires properties with previously discovered oil and gas reserves that have not been fully extracted. The company uses the so called Transportable Enhanced Oil Recovery platform, T-EOR, to recover oil from previously producing oil wells.
The company has $806 thousand in liabilities, and only $161 thousand in assets. Furthermore, the company doesn't seem to be able to fill this financial gap soon, as it has no revenues at all. Its total expenses for the first half of the year amount to $150 thousand.
It is up to investors to decide whether it is safe to invest in companies with no revenues and which doesn't release information when, something extraordinary happens with the stock chart. Therefore, reasonable explanation about the notable dumping, which took place two days ago, is expected to come from the company.

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