Shamika 2 Gold, Inc (OTC:SHMX) has been moving up for a couple of days. On Tuesday, the stock broke the chain of losses, 
adding 12.68% to its price on a traded volume exceeding 1.5 million shares. Yesterday, the climb continued and SHMX soared another 10% on the market, though on a considerably lower volume. In any case, Shamika looks convinced to hold the gain for longer by promotions.
Yesterday, the stock was heavily promoted by a number of websites spreading out buying alerts on it. According to the records, SHMX has been promoted regularly this month and the total compensation for the campaigns reached $95,000 so far. No paying party was related to the promotions, however, the encouraging alerts have certainly influenced SHMX stock price. Now the result of the latest campaign is just about to be seen.
Apart from the stock alerts, no other news about Shamika has been released over the past days. In fact, the last news by the company dates from July 6, when SHMX reported some changes in its directors along with new appointments. Since then, no one is familiar with the company’s projects.[BANNER]
Shamika 2 Gold, Inc., formerly Aultra Gold, Inc., is engaged in the business of acquiring and exploring mining properties, with focus on identifying gold and mineralized deposits. As already mentioned on hotstocked.com, according to its latest 10-Q report, the company has registered:
* $nil revenue
* $620K in assets
* $0.87 million in liabilities
* net loss in excess of $333K
Judging by these numbers, apparently the financial condition of SHMX is not stable at all and the company’s operation remains under a going concern. Moreover, there are approximately 250 million shares of common stock that have yet to see the light of day, meaning that the shareholders are threatened by dilution.
