Priority Aviation Inc. (OTCMKTS:PJET) has been flying high the last 4 sessions so what exactly is going on?
Market Action
PJET closed Tuesday at .0117 adding .0062 to Monday’s close for a gain of 112% on the day. Volume was 846 million shares more than 12 times its 30 day average trading volume of 66 million shares. PJET has been gaining altitude since the end of March when this flyer started taking off from .0011. That is an impressive 963% gain over the last few weeks.
There does not appear to be any news as of late. So what is going on?
If we look at their OTC Markets profile page we may find a couple of clues as to why traders are bidding this stock up. While PJET has a yield sign and a warning that states: This company has posted limited financial disclosure through the OTC Disclosure & News Service or is late in their filing obligations with the SEC we do see some recent updates.
- PJET is listed as verified profile 4/2021
- PJET uploaded its 2019 annual report on 4/23/2021
- PJET uploaded its 2020 annual report also on 4/23/2021
These are the first updates Priority Aviation, Inc. (OTCMKTS:PJET) has made since August of 2017.
Company Description
Priority Aviation, Inc. (the “Company”) was organized under the laws of Nevada on March 25, 1999 as Thoroughbred Interests, Inc. Effective May 18, 2004, the Company changed its name to Phoenix Interests, Inc. and effective July 14, 2009 changed its name to NuMobile,Inc. NuMobile, Inc. entered into a merger agreement with Priority One Jets, Inc. effective December 16, 2013. In conjunction with the acquisition of Telluride Health Company, Priority Aviation is exiting the private jet charter service industry with the disposition of its subsidiary Priority One Jets, Inc. Telluride Health Company’s is founded by young cannabis entrepreneurs that have identified an untapped sector of the market.
It seems that investors are speculating that something may be happening over at PJET. After being silent for so long I guess any updates are better than no updates.
Stay tuned and put PJET on your radar to see if this stock keeps flying high.
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