In the summer of 2014, a person named as Richard Murdock tried to push EnzymeBioSystems (OTCBB:ENZB)’stocks up. He established a landing page that is still functional to this day. Murdock said that ENZB share price could touch an initial target of $3 per share. However, his efforts yielded no gains as the volumes remained pretty low and ENZB share price refused to go anywhere.
The hopes are high
It seems that Murdock supports concept that try and try until you achieve success. He appears to follow a motto that states when in doubt, set higher price targets. Following the same concept, Murdock created another landing page of EnzymeBioSystems few days ago which states that share price of SNZB will cross $10 per share. Murdock seems to have achieved success in his second attempt as the stock price surged more than 39% on last four trading sessions. It surged more than 0.50% to close at $1.89 on Friday’s trading session. The stock posted strong volumes of $516,000 on Thursday’s trading session.
Lofty price targets
Here, investors are curious to know why Murdock is determined to push up the stock, and can ENZB achieve the lofty price targets as set by Murdock on landing pages. The two pages have no disclaimers that imply it is not evident if Murdock has been paid to promote EnzymeBioSystems. Also, there are no forward-looking statements that can attract the attention of regulatory bodies in near term.
The financial performance
As for EnzymeBioSystems future stock performance, there are no strong financial to support the higher prices. As of now the market cap is around $60 million, which can surge to $330 million, if the stock achieves price target of $10 a share as set by Mr. Murdock. The stock made a 52-week high of $1.91 in Friday’s trading session. The low and trading volume for the day were $1.53 and 229,278, respectively.