Yesterday, Pervasip Corp. (PINK:PVSP) an energizing impulse from a sales update which was published on PRNewswire via Comtex. This announcement increased the trading of the stock in the second half of the session.
Along with the increased volume a price spike of 75% was delivered at the end of the day. PVSP finished at $0.0225 after hitting an intraday high at $0.031. The trading volume reached 12.8 million shares which is a dozen times higher than the daily average.
The announcement which stirred the market concerned the sales schedule of its flagship video phone service. According to the press release, the company will start a promotional sale of its video VoIP service in October. [BANNER]
A couple of hours after the announcement was made, a trade alert was issued by a stock promoter pointing to the outstanding performance of the stock.
The impulse which PVSP received yesterday actually made its stock bounce at an established resistance at $0.01, which is also a psychological threshold to the sub-penny area.
The coming days will give more clue about PVSP ability to maintain the higher stock price, which has rendered the company’s market cap at $1.2 million.
