These days, Cavitation Technologies, Inc. (OTC:CVAT) stock may bounce on a stock promotion.
Although the company has not released any news since last month, stock alerts about the traded “in a nice channel†CVAT may result in its escape from the vicious circle of the weak trading activity and the trading range swirling around the 52-week low.
At the end of the week, the performance of CVAT was marked by investor unwillingness to change the standstill of the shares at their lowest possible level. During the trading session, the price of CVAT remained unchanged, despite the exceeding the average trading activity.
This seemed to be a natural investor response to the absence of some recently announced company’s developments. Even the last available company’s update from the beginning of February was not related to new positive developments of CVAT. The disclosed financial reports for the quarter ended December 31, 2010 presented to holders only historical data and the forthcoming prospective future of the company.
In addition, CVAT reported a cumulative loss of $15.3 million since its inception in 2007, which includes $10.5 million in common stock issued for services.[BANNER]
These were some of the factors for the slowly decreasing demand for the shares of Cavitation Technologies, Inc. since the beginning of the year.
After the formidable CVAT stock stir last December up to now the shares had no ground to perform better. At that time, a furious stock promotion and news about the agreement with N.V. Desmet Ballestra Group S.A. brought real value to holders on CVAT.
Maybe, with a huge dose of nostalgia and beliefs in the company’s prospects, investors, inspired by today’s stock alerts, may decide that the worth now $13.17 million Cavitation Technologies, Inc. company should have a higher value.
