Following a five-week-pause, Portage Resources Inc (PINK:POTG) has been promoted again. This time, third parties have paid as much as CAD 10,000 to raise the hype about POTG stock on the market.
Yesterday, POTG stock went slightly downhill, losing less than 1% in value. Eventually, POTG closed the session at $0.204 per share on a volume of 23.6 million, the highest since Aug. 8 and seven times greater than the 30-day average trading volume of 3.47 million.
Even though this was the second negative performance in a row, POTG stock has barely lost any significant value since the giant leap which occurred on Sep. 22 when POTG shares ended up on the verge of doubling their value.
The current paid advertising campaign was preceded by a couple of new press releases. The latest piece of news popped up yesterday, when POTG announced that it had signed a definitive agreement for the acquisition of a majority share in a concession located near a gold production zone.
As it seems, the agreement might turn out to be a commercially viable opportunity for POTG. And it had better be. Otherwise, the company might face significant challenges in continuing as a going concern.
