Volume Spike

Big volume spike for such a small stock. The stock has been obliterated and has been stuck in bullish wedge for several months now.

The company had promised to buy back shares several months back.

The company has roughly 12 million cash all figures on yahoo finance are in Yuan not US.

Debt is non existent.

The company is slightly cash flow positive.

Why the huge volume spike on a Friday after hours can this be the beginning of something special a bear market perhaps?

The company reported earnings for the first 1/2 of 2024 when most Chinese companies report but once a year.

Revenue increased by approximately 26.9% from approximately HK$6.1 million for the six months ended June 30, 2023 to approximately HK$7.7 million (US$1.0 million) for the six months ended June 30, 2024

Net income decreased by approximately 13.6% from approximately HK$0.7 million for the six months ended June 30, 2023 to approximately HK$0.6 million (US$80,000) for the six months ended June 30, 2024

Long the stock