September 23, 2017 – By Marguerite Chambers
The stock price of Saker Aviation Services Inc. C (OTCMKTS:SKAS) recorded $-0.045 in recent trading, touching $0.175 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, Saker Aviation Services Inc. C’s stock was big mover. According to the short interest report published recently, (SKAS) had 800 shorted shares for 0 days to cover. The prior short interest was also unknown for a $N/A change. The 52-Week High and Low are noted here. -56.25 % (High), 191.67 %, (Low). The stock had 95,500 average volume.
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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.
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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.
Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.
Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.
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More important recent Saker Aviation Services Inc (OTCMKTS:SKAS) news were published by: Prnewswire.com which released: “Saker Aviation Services, Inc. Announces Stock Purchase Of Aircraft Services, Inc.” on October 07, 2016, also Prnewswire.com published article titled: “Saker Aviation Services, Inc. Announces Financial Results For The Three Months …”, Prnewswire.com published: “Saker Aviation Services, Inc. Announces Stock Purchase Of Phoenix Rising …” on August 20, 2013. More interesting news about Saker Aviation Services Inc (OTCMKTS:SKAS) was released by: Nypost.com and their article: “Man who bribed FBI agent behind push to keep tourists flying over NYC” with publication date: October 18, 2015.
Saker Aviation Services, Inc. through its subsidiaries, operates in the aviation services segment of the general aviation industry. The company has market cap of $5.18 million. The Firm serves as the operator of a heliport, a fixed base operation , as a well-known provider of aircraft maintenance, repair and overhaul (MRO) services, and as a consultant for a seaplane base. It has a 9.21 P/E ratio. FBOs provide ground services, such as fueling and aircraft storage for general aviation, commercial and military aircraft, and other miscellaneous services.
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