One day after the disclosed information about Wolverine Exploration Inc (OTC:WOLV) stock promotion, the shares lost almost half of their value in order to accumulate power for the next promotional jump up.
Yesterday, playing the stock promotional tango, WOLV pulled 48.25% back on a volume of more than 3.03 million shares changing hands.
Following the dancing rule of two steps ahead and one backward, the trading volume exceeding six times the average almost confirmed that this time WOLV stock promotion will be highly emotional.
For its stock promotion, WOLV compensates the promoters in kind. If for the summer stock promotion the company with a good attitude towards paying with shares granted 345,000 shares to a promoter, this time the granted amount is almost doubled.
As stated in the promotional disclosure from Friday, the so called “Editor” is currently holding 682,280 WOLV shares, purchased on the open market, and he also reserves the right to buy, sell or trade shares without notice.
On the date of the disclosure, WOLV closed the market at $0.12 per share with no price change and 56% shorted volume. The real WOLV tango started yesterday and maybe this time it will be stronger than the previous ones.[BANNER]
As WOLV stock performance shows, the company’s news are not correlated with the share price upward moves, suggesting that stock promotion will be helpful.
Yesterday, the company announced the received assay results from its Phase 1 drill program on the Cache River Property in Labrador. Looks like the presence of anomalous copper and anomalous gold in the property were not appreciated by investors. Maybe today the strong support of the stock promotion will push up not only the volume indicator of WOLV performance, but also the share price.
