Is Bravada International Ltd. (PINK:BRAV) Part of the Awesome Stocks Family?

Last Friday, Bravada International Ltd. (PINK:BRAV) experienced a relentless sellers attack which cut the upward flight of the stock. This cause many speculators on the penny stock market wonder whether BRAV is really part of the awesome stocks family.

BRAV finished the last session on an all time record high volume of 60.5 million shares. When FINRA published the short volume date later on, it became clear that 19 million shares took part in short transactions during the day. This represents roughly 32% of the total volume.

The selling pressure occurred at the end of the day as the intraday chart shows. Due to the selling pressure BRAV stock declined 24% to $0.0057.

Unfortunately, BRAV still maintains its limited information status on the OTC Markets, which means that there is no official information about the capital structure of the company and the major shareholders.

This information is of particular interest now that BRAV has formed a third in a row scenario that resembles a pump and dump plot.

The price chart shows apart from this month similar spikes in BRAV stock had already occurred in February and July this year. The common thing among them is that a price crash followed immediately after the surge.

With such a volatility at hand, BRAV can reasonably raise suspicions among common investors who should think carefully before they decide to open positions in the limited information company.