hit a shocking volume of over 1 million shares traded for the day. That’s a phenomenal gain for GRNO, keeping in mind that its average volume totals only 161 thousand shares.The only reasonable explanation on the high trade appears to be the press release from yesterday, reporting that the wholly owned subsidiary of GRNO, Custom Carbon Processing, Inc, has increased its forecast for annual revenue and gross profit at the Eastern Texas location. According to the announcement, the company’s management estimates that the project could bring total annual revenues of $6 million per year.
Though the final permit for starting operations is not yet received, it looks like the investors got interested by the optimistic projections and GRNO jumped up. However, considering the previous negative price changes of the stock, we can hardly be certain about the future of this up move.[BANNER]
Apart from the high estimations of Green Oasis, the stock appeared in some promotional newsletters, named as ” the single best option for reclaiming oil to pipeline specification”, trying to additionally strengthen its market position and attract traders.
Green Oasis Environmental Inc. was organized initially to acquire distribution rights to various products within the environmental industry. Before releasing the news from yesterday, the company has been quiet for two weeks. On 8 September, it published another positive report on its Montana Location, though, the stock price moved down.
However, the most astonishing fact about GRNO turns out to be its missing financial reports. Looks like the company has not filed such recently and its business operations remain unknown.
