SportsQuest, Inc. (OTCMKTS:SPQS) was in special focus on Tuesday as the stock made a big move on very unusual volume. The stock has been gaining momentum over the past week with a jump of over 2005.
SPQS stock closed higher by whopping 117% to $0.0037. What is more interesting is that the stock had witnessed its highest one-day volume in the past two months. Total volume for the session stood at 264.37 million shares, compared to its average volume of 56.55 million shares.
So what triggered such a big move? Well, there was no news and as we all know penny stocks often do not need news to trigger a big move.
But, one should note that the company does not have any active official website, and one needs to be careful while trading momentum-driven penny stocks. The last news released by the company was back in 2013. The company has a market capitalization of $31k (based on the closing price on June 29, 2021).
SportsQuest, Inc., through its subsidiaries, operates as a wholesale supplier of vegetable chips, fruit chips, mixed nuts, and cracked corn to distributors, restaurants, and ethnic grocery stores in Central Florida.
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.0002 | 0.0010 | 0.0023 | 0.0031 | 0.0044 | 0.0052 | 0.0065 |
| Fibonacci | 0.0010 | 0.0018 | 0.0023 | 0.0031 | 0.0039 | 0.0044 | 0.0052 |
| Camarilla | 0.0031 | 0.0033 | 0.0035 | 0.0031 | 0.0039 | 0.0041 | 0.0043 |
| Woodie | -0.0015 | 0.0001 | 0.0007 | 0.0022 | 0.0028 | 0.0043 | 0.0049 |
| DeMark | – | – | 0.0027 | 0.0031 | 0.0048 | – | – |
 Stock More Than Doubled On Unusual Volume: But Why?){kind=link}