ProBility Media Corp (OTCMKTS:PBYA) Stock Pulls Back After Big Jump

Upstryve Inc, which had earlier been known as ProBility Media Corp (OTCMKTS:PBYA), had a tough time in the markets this past Friday and saw its stock decline by as much as 13% as a consequence.

Market Stats

On Friday, PBYA stock slumped 13% to $0.0020 with more than 83.19 million shares, compared to its average volume of 27.18 million shares. The stock moved within a range of $0.0019 – 0.0026 after opening trading at $0.0026.

Upstryve, Inc. Retains RBSM, LLP as Auditors to Assist in Upstryve’s Filing of a S1 Registration Statement to Become a Fully Reporting Corporation

The decline in the stock may have been alarming but at the same time it ought to be noted that there was no news about the company which may have led to such a decline. In this situation, it may be a good move from investors to consider taking a look at the news with regards to the company from back on February 28, 2022.

The company announced at the time that it had decided to engage the services of RBSM LLP, an accounting firm registered with PCAOB, for the purpose of auditing Upstryve’s financial statements. The financial statements need to be audited so that the company could submit an S1 Registration Statement to the United States Securities and Exchange Commission. While the development was an important one, it cannot be denied that it might not be the reason for the latest price action in the Upstryve stock. It could be a good idea for investors to keep track of the stock in the coming days.

Traders Corner

PBYA stock is trading above the 20-Day and 50-Day Moving averages of $0.0018 and $0.0017 respectively. However, the stock is trading below the 200-Day moving average of $0.0057.