Yesterday, VSUS Technologies Inc (PINK:VSUT) had a much more active session than usual. The increased interest in the stock was produced by a press release which was issued the same day.
The volume generated during the day was 22 thousand shares, which 5 times higher than the daily average. At the end of the session VSUT had reached a share price of $0.35, rising roughly 119% compared to the previous close.
The reason behind the remarkable stock surge was the news published on PRNewswire via Comtex. It concerned an estimate of a reserve engineering report.
The report indicated that there were 17 million metric tons of coal reserves at VSUT property in Guaduas, Colombia called La Tabaquera.
The news was quickly disseminated by a stock promoter called Penny Stock Finder. However, it was not specified whether the promoter had received compensation for the service.
Nevertheless, VSUT needs more stimulation in order to keep its share value which has been declining in the last couple of months. Around mid-September, VSUT hit an all-time low at $0.06 and at the same time less and less investors seem interested in the stock as indicated by the average daily dollar volume generated by VSUT.
