Yesterday’s trading session saw a massive surge in both the price and the volume of the stock of Hybrid Fuels, Inc. (PINK:HRID). A combination of news and paid advertising appears to have caused this scenario.
Closing at $0.056 per share, HRID gained 22% in value. Besides, increased investor interest in HRID stock led to a drastic spike in volume. By the time the session came to an end, more than 2.4 million shares of common HRID stock changed hands. Thus, HRID scored a six-month price record and a 52-week high in volume.
What stays behind HRID’s extraordinary run during the latest session is a new official press release, as well as a classic promotion. The former served to disclose the company’s distribution strategy for its Azul Instant(TM) product line. As it is, the company will be approaching wholesalers and pharmacy chains nationwide. The latter encompassed a series of promotional emails which started flooding investors’ mailboxes shortly after the beginning of the session. A total of $22,500 were reported to have been allocated for the campaign.
HRID closed the third calendar quarter of 2011 with:
- cash reserves of $550;
- working capital deficit of $30 thousand;
- net gain of $550.
