Contrary to the typical post promotional scenario, Wanderport Corp. (PINK:WDRP) continues to surge in a steady pace even after the end of its market awareness campaign from last week. What hauled the company even higher on the chart, was the released results from the in-house testing of the tankless water-heater prototype.
On Monday, WDRP announced the testing was completed and the results showed some performance improvements due to the new heat exchanger design. The engineering team also reported that the final product offering could be highly competitive on the market.
The news stirred excitement on the market which was reflected by the trading data at the end of the day. So, on the day of the announcement the stock managed to generate 3.3 million volume and an increase in value of 20%. However, the next day was even more turbulent.
Yesterday, trading volume hit 8.6 million shares, which is more than four times higher than the daily average. At the same time, the share price jumped 21% to $0.057. Most importantly, WDRP surged throughout the day to $0.075, which is the same level as the 52-week high achieved two months ago.
Even though WDRP did not manage to set a new 52-week record, the stock performance certainly made many long investors happy. Unfortunately, it is not certain if the hype will continue in the coming days as the RSI indicator is currently at the threshold of the overbought area.