Stock price of AER Energy Resources, Inc. (PINK:AERN) has been falling down since last Friday. Yesterday, the stock lost another 5% for the day, while its traded volume reached approximately 9 million shares.
However, AER does not seem satisfied with the current downtrend and tries hard to get the climb by promotions.
Stock Stars promoted AERN yesterday for a total compensation of $2,500. The stock was said to get back on track fast, though the result is still to be seen.
AER Energy Resources, Inc. operates through its subsidiary FTPM Resources, Inc, a fuel trading and petroleum marketing company that specializes in the collection and recycling of used motor oil. The latest news on the company came up a week ago, reporting that the Copeland, Allie Wade and South Wade leases have improved oil sales quantity by 25% in February, and AER has now completed payment for the acquisition of the Texas leases.[BANNER]
The company’s statement for anticipated crude oil revenues encouraged investors and AERN stock price rose up. However, on the next day it was back down.
As of December 31, 2011 the company’s financials looked improved, though its management was not certain about their future prosperity.
In addition, a list of risk factors has been included in the annual report of AER that may result in an adverse effect on your investments, including the loss of a material portion thereof.