After months of low-volume trading losing value, in the last two sessions Izea, Inc. (PINK:IZEA) got phenomenal volume, and closed up yesterday.
The obvious reasons for the increased activity are two announcements from Wednesday and Thursday, respectively. The first one resulted in a serious volume spike and a price slashed in two, but the second one brought the price right back up to $0.505 and the volume was 4.8 million shares.[BANNER]
The first press release said IZEA provided guidance for 2012, and annual revenue was projected to double. However, the release also revealed that the company expects to record net losses ahead of investment through 2012.
Yesterday’s press release which brought about a 129% bounce said that the Founder and CEO of IZEA, Ted Murphy had been named a finalist in the Maverick of the Year category in this year’s American Business Awards, and would ultimately get the Gold, Silver, or Bronze Stevie Award.
Additionally, in one of its press releases the company said it would be unveiling a new product designed to monetize sponsored photo and video posts, and that it plans to report its Q1 results on May 15.
It will be interesting to see who will prevail in the coming sessions, as the fact that IZEA lost about $4 million for 2011 and the prospect of losing more during 2012 clash with the idea of potential profitability in early 2013.
