Breezer Ventures Inc (PINK:BRZV) turned into one of the heavy gainers in the last few weeks. Since March 29 BRZV has jumped from $0.055 to $0.20, delivering a nearly 265% increase in the shares’ value. Throughout this period, the trading volume was significantly higher than the 90-day average, but it was not until yesterday that BRZV reached the highest volume in its history.
BRZV made the first impressive price jump when it announced the closing of the acquisition of an oil and gas well in the Fort Worth Basin and an option for nine other wells. The price of the acquisition amounted to $50 thousand and 5 million shares.[BANNER]
Just yesterday, the company announced the re-opening of the acquired well, but unfortunately the value of BRZV shares declined the same day by 17%. As a matter of fact, BRZV started with a small gap, which is very typical for a stock under the influence of a promotion.
The Hotstocked database revealed that the same day, at the beginning of the session, Investors Hub had sent out a promotional letter about BRZV. The promoter revealed that $5 thousand were invested in the campaign by a third party. Unfortunately, Investors Hub remained silent about the name of the entity which had ordered the promotion.
In this regard, the coming trading days of BRZV will decide whether the excitement about the new acquisition will overcome the psychological urge for a mass sale that usually follows a promotional campaign.
