Raystream Inc. (OTC:RAYS) ended the last pre-Thanksgiving session on a positive note. Going up 5%, RAYS reached $1.72 per share, which is its highest value since early-November when it lost nearly half of its value.
The main reason behind RAYS’s slow recovery appears to be its latest official press release which saw the light of day on Nov. 22. According to the update, the company, which aims to become a global provider of HD video services, had now developed a brand-new Full HD 3D video compression service.
The latter is supposed to provide customers with the opportunity to compress HD 3D 1080p videos at the same bandwidth requirements as 2D content. Moreover, customers should be immediately able to play the compressed content on any 3-D video-enabled device.
As a result of the aforementioned PR, RAYS jumped 3% up to $1.64 per share on a volume of 745 thousand. By contrast, yesterday’s 5% surge occurred on a volume of 1.58 million, i.e almost twice as high.
While it is still too early to talk about a possible upward trend, it is definitely a possibility, especially if RAYS succeeds in ending today’s session on a high note and getting off to a flying start on Monday.
