The performance of Thwarp, Inc. (OTC:THWI) today may be affected by a new promotion. The stock has had some boosts by promotions in the past.
Yesterday, THWI closed up 3.89% at $0.0935 after two sessions of closing in the red. The volume reached 420 thousand shares, which is high above the average.
As far as we can tell, the promotion hadn’t started yesterday. The promoter discloses a $25 thousand compensation from a third party.[BANNER]
THWI hasn’t issued news since its announcement from Nov. 28. Back then, the company said it had partnered with the Give a Damn Campaign, but the press release didn’t manage to provoke much of a response.
The latest quarterly report wasn’t anything to brag about. The company recorded a loss again, albeit smaller than the previous quarter. Another worrying line was the gross loss. Investors wouldn’t be attracted to a company which can’t even manage a gross income.
On the other hand, THWI stock seems to be more responsive to promotions than to news or financial reports. Additionally, the current price is close to the previous low which would facilitate a bounce up, but traders should still keep in mind that THWI hasn’t managed to do anything impressive for its shareholders so far.
