Yesterday, North Bay Resources Inc (OTC:NBRI) managed to increase its share price with the help of a press release and a promotion.
However, the trading volume was much lower than the daily average meaning that the promotion managed to attract only few traders. NBRI surged 2% to $0.16 on a volume of only 70 thousand shares which is much lower than the average daily volume.
Thus the company remained in its trading range and is currently positioned right at the 50-MA. However, NBRI will need much more impulse in order to beat the moving average.
Yesterday, the company announced it had acquired a 100% interest in two rare earth properties in southeastern 
British Columbia. The same news was reiterated in the promotional newsletter which followed the announcement.
The promotional campaign was let by Stock Guru, who had received $8000 for the service. According to the disclaimer the compensation was provided by the company itself.
Anyway, the effect of the PR campaign had little effect on the market so investor will have to rely on other factors, mostly technical to build their strategies.
