NORTH SPRINGS RESOUR (OTC:NSRS) is on the massive trade again. After a two-day loss, the stock grabbed the climb again and
the up move continued.
Yesterday, NSRS soared another 16.03% and its traded volume exceeded 11 million shares. Though, considering the latest news and stock promotions, the spectacular gains seem easy to be explained.
Since end-December, North Springs has been constantly releasing positive announcements on its projects, accompanied by numerous promotions.
While the compensation for the campaign already totaled $660,000, yesterday the company reported that it has acquired a previously producing gold and silver mine property in Nevada.[BANNER]
Apparently, North Springs is determined to keep the gain for longer, no matter what the price is.
The only problem is that while acquiring new properties, the company’s financials remain completely discouraging. Despite the recently reported financial agreement, NSRS keeps operating under a going concern.
