This month there has hardly been a day without any promotional newsletters featuring CAVU Resources Inc. (PINK:CAVR) stock as a mega potential gainer on the market. Today, along with the latest promotions from yesterday evening, CAVR quarter results might also influence the trading of the shares.
Yesterday, the market looked more consolidated than usually about the value of CAVR stock and it closed at $0.04 for a share, the share price for the few transactions that took place being between $0.035 and $0.04. Thus, at market close no change in the closing price occurred and the total trading volume of 498,000 shares was even below the average for the stock.
Our data shows that the promotional campaign started back in the beginning of March and it has been run by one stock promoter using two different promotion websites. Total compensation amounts $10,000 and in late March CAVR share price had managed to climb up above $0.06. Additional benefit was the provided liquidity, CAVR volumes getting unseen in the past months values, and a countless number of press releases from CAVU Resources who had previously issued news back in June 2010.
Along with the latest alerts, it is likely that fundamental news comes out today as well. According to the latest filing to the OTC Markets, the company will file with a delay its quarter report for the three months ended March 2011. CAVR states that it anticipates to file its quarter report today, though the notification of late filing grants the company 5 additional calender days to post the report.
CAVU Resources is an oil and gas company and as of end-December 2010 it had around $5.9 million in total assets. Revenues had increased by 11% and the gross profit by 75% compared to the year before. Yet, the company has not been profitable and it has convertible debts.
