Who said free alerts did not work as efficiently as classic paid promos? For there are a number of occasions which totally defy this notion and the latest stock performance of Energy 1 Corp. (PINK:EGOC) is a perfect example thereof.
Yesterday, EGOC advanced $0.0008, or 88.89%, to $0.0017, its highest close since early-December. What is more, the giant surge in value could hardly be attributed to a small-scale market makers’ game as more than 132.78 million shares of common EGOC stock changed hands within the trading day, easily marking the highest turnover the company has shifted since May 2011.
In the light of such a spectacular market blast, the question about the driving force behind it inevitably springs to mind. Contrary to popular belief, there is neither a bombastic piece of news, nor a paid promotional campaign to justify EGOC’s chart run yesterday. Indeed, a new press release did come up, only to inform traders about a Q&A conference call planned for Feb. 17. Plus, as many as four advertising emails did reach our database within the market session, yet none of them disclosed any compensation whatsoever, which is why we have no other choice but regard them as free trade alerts.
Based in Florida, Energy 1 Corp. manufactures and offers a number of fuel efficiency and emission reducing solutions for retrofit on diesel- and gasoline-powered equipment. Investors who have a vested interest in the company will have the chance to learn more about its current business activities by taking part in the upcoming Q & A conference call next Friday.
According to EGOC’s latest quarterly report, its financial condition a/o Sept. 30, 2011 is determined by:
- $16,800 in cash and cash equivalents;
- working capital deficit of $17 thousand;
- nine-month net loss of $183K as compared to $238K incurred in the first nine months of 2010.
