China HGS Real Estate, Inc. (NASDAQ:HGSH) received a promotional coverage after the end of the session on Monday. The effect of the campaign was visible on the next day by the increased volume generated in the last session.
Yesterday, 76 thousand shares were traded which is much higher than the daily average of only 9 thousand shares. At the same time, HGSH rose 3.53% to $1.76.
The promotional campaign was led by Beacon Equity and was ordered by Emerging Equity Advisors. The total cost of the campaign was $10 thousand.
On the day of the promotion, HGSH issued a press release as a support to the promotion. It stated that HGSH had been qualified to join the primary land development of approximately 1.44 million square feet of construction land in Hanzhong municipal area.
For about a month now, HGSH has slipped in a very volatile period. After a sharp drop in the beginning of the month, HGSH rocketed from $1.6 to $2.5 in just two days. Subsequently, the market witnessed another sharp correction to the upmove which brought the stock back down to the bottom.
What will happen next with HGSH will depend on the decision of those who loaded during the promotional day.
