High Plains Gas Inc (OTC:HPGS) has turned into one of the penny stock paradoxes on the market. For, the company has been featured in one of the most expensive promotional campaigns.
Throughout the whole of July, promotional campaigns on the company popped up like mushrooms after rain with five and even six digit sums of money as compensation. The last promotion, for example, cost $125 thousand.
The paradox here is that despite this colossal promotional effort the stock didn’t even stop for a moment its steep downfall. It was either a futile promotional effort, or there was another agenda behind the money squandered on the campaign.
As to the trading activity, it was only last Thursday that some conspicuous surge in the trading volume was registered. On that day, the number of traded shares exceeded 1.8 million, or more than three times the daily average.
As far as the stock price is concerned, the downward slalom has relegated the company stock from $1.45 to the penny area. Presently, the share price has stopped at $0.80 after a slight decline on the last session. [BANNER]
The time to see if the current state of HPGS stock will change has come, as there is a new promotion looming for today. And this time the stake is even higher than ever with a total of $275 thousand invested in the promotional campaign. The promotion is led by Penny Authority.com and it will span for a one week.
So, it seems that today the market will once again test how resistant investors are to the efforts of those who promote HPGS. After that, it will be clear what will happen with the company’s stock in the near future.
