Fansfrenzy Corporation (FFZY) Stock Rockets To New High On Unusual Volume: How Far Can it Go?

Fansfrenzy Corporation (OTCMKTS:FFZY) stock continued to edge higher on Thursday as the stock witnessed a huge rise in price along with massive volume. Moreover, the stock reached its new high in the previous trading session.

FFZY stock closed higher by a whopping 301% to close at $0.0950. What is more interesting is that the stock had witnessed its highest one-day volume at least in the past year. Total volume for the session stood at 7.40 million shares, compared to its average volume of 27k shares. The stock had started the session with a minor jump and picked up momentum in afternoon trading as the stock went to a new high. The stock has been gaining momentum over the past few trading sessions and up 430% in the past week. Moreover, the stock made a new high of $0.1925.

So what triggered such a big move? Well, there was no news and as we all know penny stocks often do need news to trigger a big move.

The company had a market capitalization of $4.08 million (based on the closing price on July 8, 2021).

FansFrenzy Corporation operates social-commerce (solcom) Web portal and mobile applications. It operates Fansfrenzy.com that connects fans and their affiliated college, university, high school, alumni, social group, and professional or amateur sport organization.