I was looking into the stock values of some stocks worth less than a $1, and one of the stocks I found was this Cyberfort Software Inc, which according to this TradeKing chart has increased from 0.10 cents/share November 2016 to little over 0.40 cents/share.
Now this is a company that according to this page (mentioned at the bottom of the page) at OTC Markets was known as "Patriot Berry Farms, Inc" (until November 2016) and before that as "Gaia Remedies, Inc" (until February 2013).
Their name change is also mentioned on this page which also seems to display their previous corporate logo.
Looking at the previous company names, this does not strike me as a company that is very well versed in IT security (as their newest name might imply).
So looking at a company like this, I am curious about whether the value of this company could be artificially inflated (what I have heard about "pump and dump" schemes).
The questions I have:
- Is it possible to artificially inflate stocks?
- Are there natural limits (such as proportion to the beginning stock value) to how much a stock could be artificially inflated?
- Does it require a fair amount of research for an investor to recognize an artificially inflated stock (not just a penny stock)?