Nikron Techs Inc (PINK:NKRN) is one of today’s promotional plays. The company was featured in the newsletters of two promoters who started the campaign yesterday after the closing bell.
The promotion is led by NYC Marketing and Wall Street Stallions. The promoters had been compensated $20,000 by an anonymous third party.
The last session of NKRN was more active than usual. The stock quote shows that 52 thousand shares changed hands yesterday, which is two times higher than the three-month average volume.
In addition, 4,200 shares were exchanged in short transactions as reported by FINRA. In relative figures, this means that the short volume was 8% of the total volume generated for the day.
Yesterday, NKRN announced that it continued to pursue its goal of becoming part of the solution to the ever increasing demand for energy, focusing on the demand requirements of the U.S. and other countries as well.
The news about the company’s aspirations, however, was unable to stop the prevailing selling pressure on the stock yesterday. Thus, the share price of NKRN stock went down 33.33% to $0.16.
