Yesterday, Young Broadcasting Inc. (PINK:YBTVQ) stock price rose by 10.81% and reached $0.0041. Its trading volume also rose significantly as 70 thousand shares of the company changed hands.
On Oct. 5, there was an extraordinary activity associated with the company's stock. The trading volume on that date reached a whopping 1.6 million shares, meanwhile the stock price dropped down by 38.57%. the next day, however, the stock sharply reversed the trend gaining 51.16% on a volume of 66 thousand shares.
The only recent news about the company dates back to Oct. 5. Then it was announced that the company had appointed a new general manager of the Knoxville television station.
YBTVQ is a corporation which owns and operates 10 television stations in the United States, as well as the national television representation firm, Adam Young Inc.
It is redundant to discuss YBTVQ financial state, since the company has gone bankrupt. On Feb. 13, 2009, YBTVQ filed a voluntary petition in the Untied States Bankruptcy Court. On May 26, 2010, the company filed its operating report with the Bankruptcy Court to testify its insolvency.
Regarding this company, investors can only wait to see the development of the company's bankruptcy proceedings. And they can hope to get a good share of the company's leftovers.