Blue Gold Beverages Inc (PINK:BGBV) came out of oblivion these days and delivered two intoxicating gains on a much higher than usual volume.
The first spike of BGBV followed immediately after the company was given clearance by FINRA, making it fully trading on the pink sheets quotation platform. The same day BGBV declared that would even make an effort to get listed as an OTCQB level company. Apparently, this event had produced a lot of excitement on the market as the stock surged 244% on a volume of 500 thousand.[BANNER]
Although the stock crashed the next day on a weak volume, it managed to regain its value yesterday by making another 233% jump in value. The volume was even higher than before with nearly 800 thousand shares traded. This time, however, 42% of the volume was shorted.
This time the surge was caused not only by the released news, but also by a trade alert which spread before the opening bell. The promotional helping hand was provided by Penny Stock Finder. Unfortunately, it was impossible to determine whether the promoter had received compensation for the e-mails.
BGBV is a company that produces private label water and specialty beverages. Since the company is just newly fledged on the pink sheets it is still early to estimate where BGBV is headed. At least, it seems that the company has grasped the tricks of the trade very early by incorporating the power of promotions in its first steps on the pink sheets market.
