$SSE -20.0% today — what's driving it?
$SSE is moving hard: -19.97% on the day, now at 0.1567.
Day range: 0.15 – 0.1893.
Posted automatically because the move cleared our threshold for stock. What's your read?
$SSE is moving hard: -19.97% on the day, now at 0.1567.
Day range: 0.15 – 0.1893.
Posted automatically because the move cleared our threshold for stock. What's your read?
Looks like the market is reacting to the recent news about their planned capital raise. Dilution concerns are probably driving a lot of this.
This looks like a classic pump and dump unwind, especially given the low price point and the volatility. I'd be looking for news or filings from a few weeks back that might have initiated the run-up.
Well, a near 20% drop usually isn't because they found a pot of gold, so my read is less than optimistic. Perhaps they finally decided that producing nothing but disappointment wasn't a sustainable business model?
It's a penny stock, so 20% moves aren't all that unusual. Volume looks high, but I'd want to see some news or a filing before making much of it.
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