An urgent trading alert for Seawright Holdings, Inc. (PINK:SWRI) stock has just arrived in our newsletters database which is likely to make the share price of the company run up shortly. Unfortunately, the company has no fundamental base to support any positive promotional effects.
SWRI closed the trading session yesterday at its level of resistance at $0.10. The increase in the share price from the previous close was 5.26%, while the trading volume for the day amounted merely 1,740 traded shares – a small part of SWRI daily average.
SWRI chart position has good chances to change dramatically in the upcoming session, however, as we have just received a promotional e-mail on the company. The promoter explains in detail SWRI business and makes optimistic projections about the company’s future. In exchange for that advertisement a third party has paid $10,000 in cash.
Since the stock is low priced and extremely illiquid, such a promotional campaign is likely to drive the price up. Otherwise, if it were not the promotion SWRI does not look exactly as the next big eye-catching investment opportunity.
The company bears the warning Limited Information status on the OTC market, as well as a market cap of $1.4 million. Thus, current and reliable information is unavailable and it is only known from the promotional newsletter that the company claims to be a producer of natural spring water.