Although the stock of W Technologies, Inc. (PINK:WTCG) is seldom traded and has a negligible average trading volume, the company has somehow been spotlighted by a penny stock promoter.
The promotional coverage of WTCG started yesterday after the closing bell, so supposedly its effect will unfold in the coming session. The promoting entity behind the campaign was not more popular than the stock itself. Its name is Best Penny Alerts and is run by a person called David Roy according to the disclaimer.
It appears this is the first promotional attempt of of this entity, or at least the first one detected by the Hotstocked system. Therefore, investors cannot rely on such essential data as the average intraday high and the average dollar volume per campaign for Best Penny Alerts.
The promoter disclosed that he received $15 thousand for the campaign but did not reveal the name of the paying party. At least this clearly explains the reason behind the promotion.[BANNER]
Barely anything of interest can be said about WTCG. It is known that the company is focused on the development of social media and mobile marketing solutions. In the last month the company’s stock has been traded only four times.
Yesterday, was one of these rare active days for the stock, although “active” is a little bit exaggerated. Only 13 thousand shares were traded in the session which amazingly was enough for the company to hit a record trading volume.
That being said, the coming session will answer whether WTCG is susceptible or resistant to promotional campaigns and whether the promotion will manage to bring any attention to the company.
