Yesterday, Sen Yu International Holdings, Inc. (OTC:CSWG) went up 685 to $0.37 on a volume of 114 thousand shares. The trading activity was roughly ten times higher than the daily average.
The peculiar surge of the stock was fueled by both financial result of the fiscal quarter on one hand, and paid promotion on the other.
The press release which was published to announce the filed financial results claimed that record revenue and profit were achieved thanks to increased orders for commercial hogs from major customers and significantly higher prices for pork.
At the same time, four promotional letters hit the market around midday. The promoters were paid $2,500 for the service by an unknown third party. The promoting sites were Small Cap newsletter, The Momentum Traders Network and Penny Stocks picks.
It is not known how CSWG will perform further on the market, but it seems that the promotions and financial report have brought some optimism in CSWG stock.
