As far as small cap stocks are concerned there are plenty of options for investors but it is necessary to look into the right stocks and one of the stocks that could be worth monitoring is the Harbor Diversified Inc (OTCMKTS:HRBR) stock.
Not too long ago, the stock had gone on a pretty strong rally but on Tuesday it corrected sharply and went down by as much as 27%. Despite yesterday’s fall, it is necessary for investors to keep in mind that the Harbor Diversified stock is still up by 25% over the course of the past month.
One of the things to point out about the stock is the fact that it has a track record of making massive moves and delivering considerable gains to its investors. The rally in the stock had actually commenced back in November last year and at the time it was trading at 26 cents a share.
The trading volumes have also surged considerably in recent times and the stock is being regarded as an exciting story among market participants. While it is true that the OTC Markets lists the stock has defunct/dark, investors need to note that the company’s filings are up to date.
Market Reaction:
On Tuesday, HRBR stock plunged 26.21% to $2.25 with more than 570k shares, compared to its average volume of 229k shares. The stock has moved within a range of $2.0800 – 3.0800 after opening the trade at $3.08. Over the past 52-week, the stock has been trading within a range of $0.0500 – 3.0800.
 Stock Sees Major Sell-Off After The Rally: Time To Sell Or Hold?){kind=link}