Zalemark Holding, Corp (OTCMKTS:ZMRK) Closed Up 51.42%
Due To Potential Merger Rumors Circulating Among Traders.
Zalemark Holding, Corp. (OTCMKTS:ZMRK) quickly became one of the most widely recognized OTC stocks of the day after potential merger rumors saw the stock close up with a substantial 51.42% gain on more than 20.9 million volume! Today's action was a major break from the longer term sideways trading that it has been seeing over the course of the past year, with no particularly notable moves up or down in price. This action will undoubtedly be picked up n a lot of scanners and turn more heads toward it as it moves in to tomorrow's trading day.
As always we would like to mention that merger speculation is just about as risky as they come in the OTC market prior to any substantial updates but we still feel that traders should keep an eye on it due to the recent action. The share structure is very light with under 50 million in the float, meaning that light buys and sells can see significant price movement, so if there is any sort of substantial update, even if that update has absolutely nothing to do with a merger, that could still see a rapid move in price. Also of note is that ZMRK is a fully reporting stock listed on the OTCQB which makes it an attractive company for those that may be looking to have a merger completed. Be sure to keep an eye on this one for the potential of developments to come but as we always caution due to merger rumors and expectations often falling flat in the OTC market, it is often the hype and excitement phase where the bulk of the gains are seen more so than the actual completion of such corporate actions when it comes to penny stocks, so operate with caution and always lock in profits as they come.
Also, while ZMRK was not previously one of our newsletter stock picks, we will be releasing a new penny stock pick from our newsletter platform soon. This new pick will be released to our Platinum Members well before it has been revealed to anyone else. Platinum Member picks have seen four of their picks gain over 100% in the past two months, so we highly suggest that you SUBSCRIBE TO THE PLATINUM LIST for access to the next major announcement.
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