NUVONYX INC (PINK:NVNX) has been out of investors’ focus recently which is why the stock is so rarely traded on the market.
Although the OTC Markets quote shows that the daily average volume of the company is 54 thousand shares, the real trading volume of NVNX stock in the last couple of months is much lower. In addition, there are a lot of days when there is no trading in the stock at all.
Apparently, in order to break this low liquidity chain, a third party had decided to order a promotion on the company. This fact became known when yesterday a newsletter issued by Hot Shot Stocks on NVNX arrived in the promotional database of hotstocked.com.
The compensation for the campaign had been $5,000 as disclosed in the newsletter’s disclaimer. Unfortunately, the name and further details about the sponsor of the campaign were not disclosed.
Yesterday, NVNX rose 50% to $0.15 up from $0.10 on a volume of 10,000. Investors will have to stay and watch whether the promotion will manage to keep the positive note from the last session in the forthcoming one as well.
