Yesterday, Imperial Resources Inc. (OTC:IPRC) had a weak trading session in which a volume of only 126 thousand shares was generated. There would have been even less trading activity if a promotional letter didn’t pop up one hour before the end of the session.
As it is seen by the intraday chart, the trading of IPRC stock activated near the end of the session and accounts for the most part of the generated volume. On this account, IPRC managed to surge up from $0.35 to $0.375 in a matter of minutes.
Apparently, this action was caused by the promotion of the company. The campaign was organized by a promoter called Small Cap Network. The compensation as indicated in the disclaimer of the newsletter was in the amount of $10 thousand. The name of the third party who spent the money on the campaign is Investing Channel. [BANNER]
The stock promotion was not the only factor which influenced the trade of IPRC yesterday. At the same time, a press release came out which announced that IPRC had found a disposal zone for its green tide salt water disposal facility.
In short, IPRC had not managed to attract enough attention to its stock by the press release and the newsletter. However, the promotion may have an effect in the coming session too if the newsletters on IPRC had attracted more investors after the end of the session.
