The shareholders of NutraCea (PINK:NTRZ) surely like their announcements. Almost every time NTRZ stock performs well it is due to a press release by the company.
Yesterday, NTRZ closed up 8.33% at $0.195 on 723 thousand shares. While there was no press release yesterday, there was one the day before and the market reaction to that on the day was even more impressive – 26.76% up.[BANNER]
There is a PR for today too. It informs the public that NTRZ is on track with paying its obligations per its plan of reorganization. We are yet to see how this will affect the market.
The previous PR which spurred the great performance of NTRZ was about a shareholder update conference call. A while back, NTRZ gained on another one of these. However, it failed to keep the gains for long.
There is a Form 4 filed on Sept. 29 which shows that Richard Koppes, a Director of NTRZ acquired 100 thousand shares of NTRZ. Initially, the form was filed with an “A” transactional code, which would mean it was a grant or an award; later, the form was amended with a code “P”which means it was an open market or private purchase.
So far today, NTRZ is trading on small volumes slightly above yesterday’s close.
