Fox Petroleum Inc (PINK:FXPT) entered the new trading month just the way it concluded the previous one, i.e with another paid advertising campaign and a website that is still inaccessible to the general public.
When we last covered FXPT on Sep. 20, the company’s stock had just been pumped by numerous promotional campaigns worth approximately $140,000. Instead of a spectacular chart run, however, what we have witnessed so far is a disappointing negative trend. The latter continued yesterday when FXPT went down 11% to close at $0.0254 per share. At least, there was a sudden volume spike as almost 900 thousand shares of FXPT stock changed hands, which suggests that there might still be interest in this stock.
Based on FXPT’s market performance during the last ten days of September, the prospect of a giant promotion-driven leap in the forthcoming session is rather gloomy. What would indeed give FXPT the long-awaited lift is positive news, and they are nowhere to be found at the moment. Of course, managers could always surprise stockholders with promising follow-up results of the 3-D seismic tests on properties deemed to have large deposits of oil and gas.
As far as the company’s financials are concerned, FXPT recently filed a couple of audited past reports in an attempt to provide a clearer picture of its financial situation, which is definitely a step into the right direction. If only, however, all these amendments did not present even worse figures.
