These days, massive demand for Evcarco Inc. (OTC:EVCA) stock, supported massively by stock alerts, fueled the share price with the speed of light.That gives the impression that the speed races of EVCA and the “green” added value to the share price can not be stopped.
Two weeks remain up to the one year anniversary of EVCA’s 52-week high.
At the beginning of the previous March, a ten thousand dollar stock promotion, hot press releases and investor strong believe in the prospects of the advanced clean technologies evoked a share price explosion. EVCA has been valued by the investors at a cent beyond half a dollar.
Regrettably, despite the stock rush this week, the price of EVCA still remains 6.4 times cheaper than the above mentioned half a dollar.
EVCA has recently nothing new to present to investors, except for the noted this week recordable trading volume.
This month, fourteen stock promotions, part of them being with no or not disclosed compensation for the promoter, made the shares of Evcarco Inc. become a market hit.
This time, it is hard to believe that in a short time, not counting shorters’ intervention, the price of EVCA will further go green as a fast moving green car.
Since last Thursday, the price of EVCA has been flying up and down with not less than 53% between the trading sessions. As a final result, in a week time the shares gained 176%.
Maybe, the crucial question now is, how long may the flying continue?[BANNER]
Though the tripled daily average share turnover from yesterday, the trading volume decrease is maybe one of the signals that investors may consider the “greedy” attitude towards EVCA.
On the other side, generated revenues of $1.5 million and incurred cumulative net losses of $3.2 million by Evcarco Inc. since its inception still may convince some investors to bid for the next green rally of the shares.
In unison with the company’s willingness to “aspire to be the greenest car dealership in America”, the potential of the business and the “virgin” status of the developing Evcarco Inc. may inspire only future huge debates and hot bids on the company’s stock.
