MMIO.ob Unscathed By Hurricane Ike.
Tags: Marmion Industries Corporation, MMIO, MMIO.ob, OTCBB: MMIO
Marmion Industries Corp. (MMIO.ob) is back in the news today with the announcement that its new corporate headquarters was not harmed by Hurricane Ike.
The press release is likely very warmly received by MMIO investors anxious to hear something out of the company. As evidenced by the three month chart to the right, shares have dipped considerably as of late on pretty thin volume.
The stock is down about 20% today on just 5,000 shares and has hit its recent low of $.004. Trading action has been heating up over the past few days however, so I’ll be very curious to see what trend the stock decides to follow early on today.
If we see $.003 on relatively high volume (100K shares), that could be trouble. However, if the stock can fight its way back up to its recent high print range of $.005 – $.0055, we could pay witness to another bounce like we did back in mid-August. I’ll check back with MMIO.ob in a few hours to see what is cooking here. Let’s hope for the best!
