Forty-five minutes into today’s session, Circle Star Energy Corp. (OTC:CRCL) has barely edged up $0.04, or 1.53% from its previous close. Not bad, yet far from fabulous, especially considering the latest company update and the newest paid promotion in support of the stock.
Yesterday, CRCL closed trade at $2.61, down 0.38% from its Tuesday close, shifting a volume of 305 thousand. No news popped up to trigger such a scenario.
By contrast, what we have got for today’s trading session is not only a brand-new press release, but also a fresh advertising campaign worth $20 thousand. A couple of hours ago, the emerging oil & gas company announced its intentions to increase its leasehold position in Kansas by acquiring an additional 111 thousand acres from surrounding areas.
Prior to the publication mentioned above, a brand-new promotional email in support of CRCL also reached our database classifying the stock as a strong buy. So far, however, CRCL has underperformed as a four-cent-increase seems barely what the campaign initiators must have expected.
Nevertheless, today’s session is still far from over, which means that CRCL could still take traders by surprise.