Scorpex Inc (PINK:SRPX) is once again on the promotional agenda with a new and even more expensive than before campaign.
This month, the company’s stock has been regularly promoted without any positive outcome of the promo sequence. In fact, the stock has been going nowhere but down this month, although there were at least three promotions detected on the company for the last two weeks.
SRPX entered the month with a share price of $2 per share, while in the last session SRPX shares dropped down to $1.07. The last two sessions were also marked by higher volume activity than usual. 96 thousand share were traded in the last session, which is four times higher than the daily average.[BANNER]
Last evening, a new promo letter dedicated to SRPX was spread around. It turns out that the campaign, which is led by Stock Mister, was ordered by Equities AG for the amount of $30 thousand. The disclaimer also indicates that the campaign will last two days.
Four days ago, SPRX breached the 50-MA, which has further stimulated the selling pressure on the stock. The last two bearish sessions have brought SRPX stock back to the support at $1, which is also an important psychological barrier. Therefore, investors’ eyes will be fixed on the stock performance at this point in the next couple of days.
