Chart: M10, 5 days, 2012-03-30, stooq.com
M10 is a small boutique developing algorithmic trading strategies.
The company debuted on the NewConnect exchange in Warsaw on February 6th this year.
The offered price was 0.10 PLN, and it closed at 0.15 or +50% up on the first day of trading.
Since then, its price has risen to 0.38 or +380% in relation to the IPO price.
Just today, without apparent reason it went down by nearly -27% to 0.19.
As a result, the price is still +90% above its initial level.
But where it will go from here?