After a not very intensive trade yesterday, Strategic Mining Corp. (OTC:SMNG) finished slightly lower than the previous close. Although during the day SMNG share price went down to a low of $0.024, eventually it finished 0.36% lower than the previous close at $0.0279.
The volume generated during the session barely exceeded 100 thousand, which is close to the daily average of the company. The official FINRA statistics show that the short volume for the day was comprised of 30 thousand shares, which is roughly 30% of the traded volume.
While the last session didn’t seem to have been marked with significant trading activity, things may change for the coming session. The reason for that is the started promotional campaign on the company which may bring more attention to its stock.
In detail, the campaign includes three promoters, namely Stock Egg, the Stock Psycho, and penny Stock Money Train. The third party who had ordered and paid for the campaign is Crme Dellatex. The promoters expect to receive $15 thousand for the one-day marketing campaign.
The promotion was started yesterday after the trading session, so reasonably its effect is expected to unfold today when the market opens.
While promotion may bring more volume into the trade of SMNG stock, no prediction can be made about the reaction of the stock price as promotions have unpredictable influence on stock prices.
