Yesterday, Double Eagle Holdings, Ltd. (PINK:DEGH) became the object of an extensive newsletter from Insane Stocks, which appeared after the end of the session. This means that today DEGH will have a promotional spark during the session, which may result in a more active trade than usual.
In fact, a heavy trade occurred yesterday as well with more than 820 thousand shares turned over for the day. Compared to the daily average of 200 thousand, this represents a four fold increase in the trading volume.
The risen volume was accompanied by a 33% jump in the stock price. Thus, the company closed the session at $0.12, which was caused by a sudden buying pressure that occurred at the end of the session. As a matter of fact, DEGH was barely moving above its previous close and it even dropped lower with the closing of the session’s finale, when with a one stroke DEGH jumped from $0.08 to $0.12. [BANNER]
The increased market activity was provoked by the press release that came out yesterday. It announced that DEGH had added Dr. Berkoff, a physician from Duke University, to the company’s Board of Directors.
The released promotion may add even more fuel to the coming session, but investors should bear in mind that the last time the company was promoted it went through a rather volatile trading period with huge upward and downward spikes.
