By Violeta Slavtchevska at Hotstocked
Date: Sep 12, 2011

On Friday, Conforce International, Inc. (OTC:CFRI, CFRI message board) stock got a huge trading volume that is a new record at least for the past three year. The reason remains still concealed since the latest news from the company was its financial results for the last quarter, announced in the middle of August.

There was almost no change in the closing price of CFRI as the session closed only 2.86% higher than on Thursday at $0.36 for a share. The trading activity was spectacular for that stock, however, with nearly 1.74 Million shares changing hands.

Such a daily volume has never been seen in the past couple of years, while the average for the past 30 days is only around 14,600.

Almost all the volume yesterday was traded shortly after 11 am, most probably in one single transaction. Traders on investor message boards were also clueless about what could be going on with company to cause the extraordinary activity. As for the share price, it has been in a downtrend since the beginning of the year, and had just recently reached the bottom for this year at $0.28.

As mentioned, the latest news from Conforce International was its quarter report for the three months ended June 30, 2011. The report shows that the current market cap of CFRI might be too high, being nearly 10 time the book value. The company had no revenues in this quarter and now its only business segment is the EKO-FLOR product - a polymer based composite flooring system for the transportation industry.

During that last quarter, CFRI focused all its efforts on the closing of the development site in Ontario, Canada and the establishment of the new facility in Indiana, whereby the management expects production to begin in the second quarter of next year.

At the end of June, the cash available for the ramping up of production was $4.6 million, which the management believes to be sufficient. Given a successful start of production and sufficient orders from customers, CFRI plans to expand through another manufacturing facility in China which would require a $25 million financing.