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By Martin Tsvetkov
Jan 31, 2011

1st Global Financial Corporation (FGBF.PK) Stock Climbing Steeply Upwards

FGBF chart.pngThe management change in 1ST GLOBAL FINANCIAL (PINK:FGBF), which was announced 10 days ago, barely impacted the company's market performance. As soon as it submitted a couple of past annual unaudited reports, its stock price skyrocketed up to $0.095, adding 850% to its value and closing at its early-December levels. The traded volume, in turn, soared big time, eventually setting a record of 3.3 million, or eleven times higher than the daily average trading volume.

Whenever a pink sheet listed company such as FGBF sheds light on its finances, it is highly considered as a move into the right direction. This rule of thumb seems to have exerted a huge influence upon the company's stock behaviour. Yet, as the submitted reports only cover the period from 2007 to 2009, the new management has a long way to go before getting rid of the 'STOP' sign designation.

1st Global Financial Corp was incorporated in Nevada in 1999. Since then, it has changed its name four times. At present, it appears to have focused on providing working capital financing services.

The significant rise in both price and volume triggered promoters' interest too. Yesterday, FGBF stock was massively featured on a number of trade alerts. The latter could easily transform into paid promotional activities in case the upward trend continues its run. After all, only 15% of the company's authorized shares are currently outstanding.

The recent filing of the three annual financial reports might have given FGBF stock its spark of life. To continue the trend, however, the company must submit all other relevant information in order to make its shares a worthy investment. 

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Article Comments:

Guest wrote: 5:45 pm Nov 22, 2011
when is it going to work
Guest wrote: 6:20 am Nov 23, 2011
I'm not sure about the company, but its stock "worked" well past week. See the price chart.