Capital Financial Global (OTC: CFGX) fell a dismal 20% to a share price of $0.0040 in today’s trading session in over-the-counter market, continuing it’s less than attractive performance this year. Trading volume remained up at 1.25 million shares, bypassing its average of 633,681.
With today’s decline, Capital Financial Global has a total loss of 60% since New Year’s Day.
Investors may see bounce-back potential in Capital Financial Global since the stock has been trading at historical lows recently.
The volume accumulation may also be linked to the company’s recent headlines:
- June 20th, 2012, Capital Financial Global announced that it had formed a small hard money lending syndicate to fund smaller transactions that do not meet current minimum size limitations.
- June 19th, 2012, Capital Financial Global released updated figures for its Insurance Lending unit. As of today, there is $16.4 million dollars of loans in process which corresponds to approximately $328,000 in estimated revenue for the company.
- June 13th, 2012, Capital Financial Global announced it had engaged Toronto based investment banking firm IBK Capital Corp to raise up to $3 million in a private placement for units and warrants in its distressed St. Louis Mine.
Capital Financial Global is a specialty finance company that provides asset-backed financing and loan advisory services to insurance trusts and pension funds, owners of commercial real estate, owners of residential real estate portfolios, and owners of mining and precious metals assets.
Unlike traditional banking models, Capital Financial Global helps organizations obtain needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or tradable form.
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