A participation in a job fair brought about a 33% increase in the value of ecoTECH Energy Group Inc (OTC:ECTH) yesterday. In addition to an official press release about the event, a free mid-day newsletter campaign also put its two cents in this positive movement.
As a result, ECTH closed at $0.36 per share on a volume of approx. 64 thousand, which is not only 12 times higher than the daily average trading volume, but also the highest turnover of ECTH stock generated since late-July.
As far as the company’s latest press release dated Nov. 16 is concerned, it served to disclose that ECTH had organized a local job fair in the village of McBride located in BC, Canada with the sole purpose of filling up as many as 200 permanent and temporary jobs needed for the development of its Green Technology Industrial Park. The company reported to have selected candidates for the vast majority of the vacancies, which means that it could commence its operations on the project in early 2012.
A development-stage company, ECTH occupies the renewable energy industry and intends to manufacture power stations using biomass in order to produce green energy products. In accordance with its long-term strategy, ECTH plans to construct five power stations within the next 7 years, at the latest. Yet, in the light of its negative financial results, this will hardly become a reality.
