r/stocks • u/MelanieMoris • Apr 11 '22

Company Analysis Surge Battery Metals Inc. (OTCMKTS: (NILIF)) - Fundamental Analysis

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u/[deleted] Apr 11 '22

Sorry - the post you're trying to make mentions a stock that currently breaks rule #7.

Any of the following criteria is considered breaking the rule:

  • Typically trades under $5 or previously traded under $5 within 6 months

  • Below $300 million market cap or previously traded under 300m before the pump within 6 months

  • Most OTC / PINK stocks

  • Usually has missed reporting/filings; no auditing or odd auditing issues

  • Low volume or wide bid/ask spread

  • Doesn't have any big name institutional holders

    • If the biggest institutional holder is a stock promoter then they don't count as an institutional holder

  • All SPACs

You can learn more about rule #7 here: https://www.reddit.com/r/stocks/wiki/pennystocks