Education firm ProBility Media Corp (OTCMKTS:PBYA), which is involved in developing a full suite of training and career advancement tools for skilled people, has seen its stock come into sharp focus this morning.
The stock has made a spectacular move this morning and gone up by a staggering 190% amidst heavy action. There has been no new development this morning but it might be a good idea to look into the update provided by ProBility last week with regards to its business activities. The update provided details of business activities over three separate periods.
One of the periods was the one between January 2016 and January 2018, while the next one as between 2019 and 2020. The last and perhaps the most important one was for the period starting in 2021.
The company stated that thanks to the work put in by its subsidiary companies, ProBility has been able to operate in its pre coronavirus pandemic levels. More importantly, the company also managed to eke out a profit in 2020. In addition to that, ProBility also revealed that it has embarked on a policy of cutting costs through consolidation of labour as well as others costs and through paying down some of its debts.
Market Reaction:
As of 11:54, PBYA stock skyrocketed 191% to $0.0067 with more than 1.48 billion shares, compared to its average volume of 91.16 million shares. The stock made a new 52-week high of $0.0074 earlier in the session.
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