Tuesday, January 12, 2021

A penny stock surged 250% after someone paid Carole Baskin to mention it in a Cameo


Little known Michigan-based animal health and veterinarian penny stock Zomedica surged nearly 250% since earning a mention from Netflix’s “Tiger King” star Carole Baskin last week. 


Zomedica (ZOM) did not immediately respond to Yahoo Finance’s request for comment to ascertain whether the Cameo request came from the company, or someone at the company. It’s also possible the request could have come from an outside investor looking to spark an increase in the share price that sat at just $0.40 last week. The Ann Arbor, Michigan-based company, which went public in 2016, has yet to achieve any revenue, according to financial statements highlighted by Yahoo Finance’s Myles Udland.

The penny stock was also among the most actively traded by volume on popular retail investor platform Robinhood, according to analytics firm Breakout Point