On Friday, the price of GBEN stock increased 2% and closed at $0.102 on 733 thousand shares. There was a series of press releases the previous days and one on Friday.
In addition to the hype that the PRs may generate, there is a promotional campaign of GBEN. It is not a cheap one either. At least $105 thousand were paid for the appearance of the symbol in different newsletters. There is also a video chart available for GBEN, which costs $7,500.
Global Resource Energy, Inc. (f.k.a. Aura Bio Corp.) is a development stage company engaged in the clean energy sector. According to the latest available financial report, the company had $2.7 thousand in cash and total liabilities of $13.6 thousand.
The latest PR concerned the signing of a letter of intent, which on its own is hardly anything solid, but combined with the other ways the company is trying to get more eyes on itself there is a possibility the stock will move today.
There are at least two things that are clear at this point. The company is in its early development stage, and it’s trying to get attention from traders. How this will work out remains to be seen.
