ProBility Media (PBYA) Stock Almost Doubled in a Week: Here is Why

In recent days, the ProBility Media Corp (OTCMKTS:PBYA) stock has been in considerable focus among investors and the rally in the stock continued on Monday as it jumped by 30%. The gains in the stock yesterday took its gains for the past week to as much as 30%.

The current rally in the stock might have been fuelled by an announcement from the company with regards to its efforts towards becoming current in the OTC Markets. The company is working on its filing obligations so that it is compliant with the rules of the OTC Markets Group reporting guidelines and the provisions of the Securities Exchange Act Rule 15c-211.

The company has to meet those guidelines before September 28 this year in order to stay listed. However, the efforts seem to be on track and ProBility is looking to complete all its filings so that it fulfils its reporting obligations.

At this point in time, ProBility is looking to submit its Annual Disclosure Report for the years 2020 and 2021. In addition to that, it will also submit the Quarterly Disclosure Reports as and when those reports become due. It should be noted that the company’s financial year ends on May 31 every year.

Market Reaction:

On Monday, PBYA stock increased by 30% to $0.0030 with more than 294.44 million shares, compared to  its average volume of 89.60 million shares. The stock has moved within a range of $0.0000 – 0.0033 after opening the trade at $0.0024. Over the past 52-week, the stock has been trading within a range of $0.0022 – 0.0033.

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