Active Health Foods Inc. (OTCMKTS:AHFD) is down 20% as the company moves northbound from double zeroes aiming at copper land. The company’s stock is emerging as a volume leader among small caps, attracting several new shareholders, including OTC heavy hitters.
On Monday, more than 2 billion shares exchanging hands with a $5.5 million volume. AHFD is currently seeing heavy accumulation, and it is moving progressively northbound with several new investors buying in. Notably, AHFD seeks to blaze the path along peers such as Tesoro or Enzolytics to break to a new dimension. Interestingly Active Health Foods’ fundamentals are stronger than those of Tesoro.
Incorporated in 2008, the company is a reverse merger entity with a history as one of the most explosive small-cap. The company has a debt of below $1 million in its books, and on Monday, it announced that Los Angeles-based entrepreneurs had acquired a controlling stake in AHFD. So in the coming weeks, Investors should keep an eye on AHFD.
Market Reaction:
On Wednesday, AHFD stock lost 19.57% at $0.0037 with more than 1.45 billion shares, compared to its average volume of 166.37 million shares. The stock has moved within a range of $0.0034 – 0.0058 after opening the trade at $0.0049.
