When Gold Dynamics Corp. (OTC:GLDN) started trading more actively approximately one month ago, the trading interest directed to the stock was almost negligible.
When I first wrote about this company, the average daily dollar volume of GLDN stock was less than 2 thousand. At present, though, more investing interest has accumulated around the stock. The average daily volume has surged up to 250 thousand shares, which translates into $20 thousand daily dollar volume, or ten times higher than the beginning.
Still, $20 thousand as dollar volume is still not enough to make GLDN less vulnerable to manipulations. Moreover, GLDN has gone through some extremely volatile sessions with huge price amplitudes. And to put even more fuel to the flames, the stock has been involved in numerous promotions for the last two months.[BANNER]
In this respect, it must be pointed out that yesterday GLDN was once again promoted. The campaign included well-known names such as Lebed and Wall Street Grand. In fact, it was Wall Street Grand that has ordered Lebed’s helping hand in the promotion, while the actual third party which provided the money was Media Consulting Inc.
The promotion took place at the session’s opening and immediately provoked a serious trading activity. The total volume generated for the day was 4.3 million, which is a record high for the company. The share price of GLDN stock also rose by 8% to $0.0815.
So, apparently, the $60 thousand promotion was the main factor for yesterday’s exaltation of GLDN. However, the stock has been promoted several times recently and there is some probability that those who got into the stock due to the previous promotion may decide to sell after yesterday’s surge. Thus, it is not certain how long GLDN can maintain the promotional gain from Thursday.
