The last two trading sessions for Winland Ocean Shipping Corp (OTC:WLOL) were very intensive as compared with the average daily volume index.
On Thursday and Friday, 100 thousand and 111thousand shares were traded, respectively. Given that the 3-month daily average volume of WLOL is only 8 thousand, the trading volume generated at the end of last week was tens of times higher.
In addition to the increased trading volume, the price of WLOL shares rose up form $0.26 to $0.29 over the last two sessions.
The increased trading activity coincided with an announcement which was released by the company on Thursday. It said that the company’s first new 57 thousand DWT bulk carrier vessel “Fon Tai” had been successfully delivered and placed in service.
On Sunday, two trade alerts featuring WLOL were issued. The alerts were issued by Hot OTC China and OTC Reporter. Both promoters stated that they had not been compensated for issuing the alerts.
Due to the trade alerts WLOL may continue to enjoy more market interest in the coming week, as well. The effect of the advertising campaign on WLOL share price can hardly be predicted, though.
