Chemung Financial Corp. (CHMG.PK)

Chemung Financial Corp bases its business in New York. It is currently trading under the stock symbols CHMG.PK on the Pink Sheets and CHMG.OB on Over the Counter Bulletin Board (OTCBB). Pink Sheet stocks often lack reliable information such as financial statements. We advise extreme caution before investing in this stock. Because the shares are quoted on two exchanges, it is possible that this company may have some of the exchange risks on the pink sheets mitigated.

280 employees are working for this mid sized company. Chemung Financial Corp is probably employing enough people to support the company's expansion. Consider the operational costs of a staff of this size when evaluating investment. In order to evaluate a potential investment in this company, you should carefully consider the size of the workforce.

On Jan 6, 2009 the company's share price reached $21.00. At this moment, the share price is 30 % lower than its 52 week high of $30.00. A share price above $10.00 is high for a Pink Sheets company. We would advise investors to look into the possible reasons for this. The price is hitting yearly lows, meaning the stock's performance has worsened. The situation calls for additional research before considering this stock. Although the stock appears to be rather liquid, there is still only a thin market for it.