Since Industrial Nanotech, Inc. (PINK:INTK) published two more press releases on its new nanotechnology business the share price of its stock is going up in three consecutive trading sessions. At the same time, OTC Markets states currently that no firm is making market in the company’s shares. 
Yesterday INTK stopped at the $0.028 resistance and then close the market at $0.023 for a share, an almost 7% increase from the previous close. Trading volume was higher than 5.5 million shares, which appears to be a shocking amount for the illiquid stock that usually traded less than 400,000 daily over the last three months.
Some PR statements of the company from last week are most probably the reason for the extreme demand for INTK shares. First, on Wednesday INTK said that it had sold its nanotechnology based insulation and protective coating line Nansulate for the first time to a U.S. nuclear power facility. Then, the next day the company said that also its Turkish subsidiary had installed Nansulate at a textile manufacturing facility in Istanbul.
It may all sound brilliant in INTK press releases, however, the lack of any active market for the company’s stock may make its shares somewhat unattractive for any investor or trader. Moreover, INTK is not an SEC filer, which also makes its business rather questionable.
