The penny stock of Punchline Resources Ltd. (PUNL) has taken a swing that only Chris Brown’s lovers or Mike Tyson’s opponents have been able to take. Ever since the plunge on September 25th, PUNL stock had remained relatively lucid having even gained 100% off its September 26th low of .25. Today however is showing no mercy as the real flippers can finally get there hands on this and churn it for the tenths of a penny that will eventually wind up at in the next couple of weeks.
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PUNL Stock Chart
Market Cap: 5.75M
Last: 0.115, down -0.235 (-67.14%)
Dollar Volume: $223,580
Average Trade Size: 5,315
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Yesterday, the once coin-operated punching bag dedicated company turned gold digger announced that geologists completed their data compilation, drill target selection, and drill site preparation at the Empress and Wonder mines. Well its no wonder that Punchline stockholders weren’t impressed as today was worse than a brick by brick drop in PUNL stock.
PUNL stock lasted about as long as a typical bangbros flick before caving in and having a repeat performance of their September 25th collapse which hit just after lunch that session. Now that PUNL stock price has toppled from its $1.62 high on September 17th, flippers will get to whack this around like an everlasting game of pinball, swinging for tenths of a penny while the long investors try everything they can to average down and bail out.
APS has had a dump or two turn quick for those trying to climb the penny stock version of Mount Everest on a known pump and dump and today some traders are gonna be going home licking their $300 trade wounds. However, perhaps as work crews and geologists continue to make rapid progress at the Empress Project in Nevada, Savji can pull out another Punchline to hit those chosen drill targets like Bruce Willis in Armageddon.
About PUNL Stock
Punchline Resources Ltd. is not your typical emerging mineral resources company since it is easy to claim that you are focused on both domestic and international exploration and development projects when your SIC is 7900 – SERVICES-AMUSEMENT & RECREATION SERVICES
Bottom Line: PUNL is entering into the penny stock pit made for Gladiators only. Translation: If you don’t have a Level 2 system on steroids and a bottle of Ritalin next to you to help you keep focused, keep far away from PUNL stock.
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