Yesterday, KMA Global Solutions International, Inc. (PINK:KMAG) opened the session with a gap at $0.004 and subsequently dropped down to $0.0026 before closing at $0.003, which is 20% higher than the previous close.
Trading orders for KMAG stock were constantly running in the first half of the trading day. At the closing bell, KMAG had reached a volume of more than 20 million shares, which was ten times higher than the daily average.
The increased trading activity around KMAG stock yesterday can be attributed to an announcement and a paid awareness program which was carried out yesterday.
A press release published on the OTC Markets stated that the KMAG had executed a supply agreement with a major cosmetics company.
In addition, a newsletter from 007 Stock Chart hit the market shortly after the beginning of the trading session. The promoter disclosed that he had been compensated $7,000 for the promotion of KMAG by a third party.
The promotion and the released news have apparently attracted more attention to the stock yesterday. However, today the question is whether KMAG will keep the hype around its stock, or investors will hurry to cash in the speculative gain from yesterday sending the stock in a correction phase.