For the last two days, markets participants have been bombarded by trade alerts for the possible bounce of Scorpex Inc (PINK:SRPX). However, there was not a trace of a bounce by the company on the last trading session.
Despite the massive promotional campaign, SPRX generated only 19 thousand shares yesterday, which is only slightly higher than the daily average. Additionally, the stock price dropped down 2% to $1.77.
On Wednesday after the end of the session, the group of Hot Otc and Stock Egg started spreading trade alerts on the company. Twenty thousand dollars were poured into the campaign by Equities Awareness Group, according to the newsletters’ disclaimer. The trade alerts popped up again shortly before the start of the last trading session.[BANNER]
Yesterday, there was also an announcement by the company. It said that SRPX had submitted its urban impact study which is needed for obtaining permit for storing toxic waste. It seems though, that neither the promotion nor the issued press release managed to attract more traders.
Around mid-July SRPX surged above the 50-MA, but along with the waning volume the stock graph formed a downward curve. Perhaps, the company will have to find another way to increase its stock trading activity in order to bring more exciting speculative opportunities.
