Ekaterina Zelenkova
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AXMIN Inc. (CVE:AXM), (PINK:AXMIF) Stock Is Building Momentum

by Ekaterina Zelenkova Oct 13, 2010
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AXM_price_chart.jpgYesterday, AXMIN Inc. (CVE:AXM), (PINK:AXMIF) stock was the most actively traded security on the TSX Venture Exchange.

Considering also the share price soar of the Grey AXMIF on the American market, it can be concluded that the stock was one of gainers of the day.

Looks like the shares of AXMIN Inc. are already building a momentum, being in their apogee on two markets.

After two trading sessions without a change in the price, yesterday AXM stock entered the market lamely with a 4.55% decrease from the previous close.

The enormous trading activity quickly changed the uncertainty into a real battle of hot bids. The wide candlestick drew at the end of the trading session a huge 27.27% price jump up.

In addition, the victory of the buyers in the battle was strengthened by more than 8.8 million shares changing hands. The brilliant AXM stock performance was made on the highest for the last two years trading volume, exceeding six times the average for the stock.[BANNER]

On the American OTC Grey market, AXMIF delivered also strong performance. AXMIF stock traded a volume of less than half a million shares. Here, the momentum building was expressed by the share price acceleration. Since last Friday when AXMIF was traded for the last time, up to yesterday the shares' price has surged 43.50% up.

AXM_from_the_site.pngLast Monday, AXMIN Inc. announced that it will hosts government representatives from the Central African Republic in Toronto. That news reasonably rushed the shares of AXMIN Inc. up, maybe attracting even investors with speculative attitude and keeping their short positions.

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