Although the stock of Profire Energy, Inc. (OTC:PFIE) formed an upward trend some two weeks ago, the last couple of sessions could hardly be deemed successful, which partially explains the paid promotional campaign that has just commenced.
Clocking in at $1.24 per share, PFIE stock went down 0.8% last Friday, shifting a turnover of 2,500, which is considerably lower than the 30-day average trading volume of 8.2K.
Since no official news appears to have surfaced recently, a group of interested investors has now approached a paid promoter to profile PFIE stock against monetary compensation of $15 thousand. Having reached our promotional database yesterday afternoon, the paid newsletter is expected to give PFIE stock a boost in the forthcoming market session. While the outcome of the advertising campaign has yet to be determined, it is worth reminding that the last paid promotion in support of PFIE stock gave investors the opportunity to realize a potential maximum profit of 40+%.
Profire Energy, Inc. is a producer of oilfield combustion management systems, as well as related burner products. The company closed the fiscal quarter ended Sept. 30, 2011 with:
- cash reserves of $0.75 million;
- working capital surplus of $5.4 million, including ARs of $4.4 million;
- quarterly revenue of $4.27M vs. $2.14M in Q3 2010;
- net quarterly income of $1.18M as opposed to $0.58M in Q3 2010.
