$Gelteq(GELS.US) is up +197% today, with the volume ratio off the charts; $TMD Energy(TMDE.US) rose nearly twenty points, with a volume ratio of 17x; $UTime(WTO.US) dropped -15% in the opposite direction, with a volume ratio of 112x.
All three are ultra-micro-cap stocks with no new news: $Gelteq(GELS.US)'s last substantial announcement was about setting up a center in Guangdong a week ago, $UTime(WTO.US) is experiencing a sell-off after a previous surge, and $TMD Energy(TMDE.US) deals with marine fuel in Malaysia, with a market cap so small that funds can easily manipulate it.
The water level for micro-cap stocks has clearly been rising recently. The ups and downs of these small stocks with no institutional coverage have nothing to do with fundamentals. Touching them is like flipping a coin.
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