This Stock is Up 250,000% Right Now
Anyone who has been reading my articles recently have noticed that I like to write about unusual stocks and unusual stock movements. You may have read The Stock that was Up One Thousand Percent Today and The Stock that was Up 11000% on Friday. Now there is one that takes the cake.
If you looked at Kbridge Energy Corp. (BMMCF) on Yahoo! Finance today, Tuesday, August 27, 2013, 12:49PM EDT, you would see that the stock is up 259,934.34% today!!! (See graphic)
The previous close was 0.0002 per share, and now it is trading for 0.52 per share. In other words, if you had invested $100 in the stock to buy 500,000 shares, it would now be worth $260,000. The company is a broker for energy and resource related contracts in South Korea.
Is this a sign that we are in a bubble? As always, I never recommend anyone buy or short these kinds of stocks.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.