Up to now Stevia Corporation (OTC:STEV) has not anything else to present but positive press releases and compensated stock promotions. Yet, its stock still has the benefit from the attention of traders who offer for relatively high trading volumes and considerable moves of the share price.
Yesterday’s session settled once more at $0.73 for per share. There was no variation in the share price from the prior day, but during the session STEV moved between $0.68 and $0.75, whereas the trading volume surpassed 978,000 shares, which is above twice the average.
As frequently announced, STEV has been the subject of many advertisings this months, the effects of which are noticeably seen on the stock.
In the mid of the month, the advertisement wave raised STEV share price to $1.05, but soon after that if dropped below $0.60, an anticipated outcome if the third parties who compensated for all the promotions in fact managed to sell out large amount of shares on the market.
Hotstocked.com’s database demonstrates that $78,500 have been spent on promoting STEV, STEV message board this month only, the most recent newsletter coming on Wednesday and being paid with $3,000.
Yesterday, the next in row piece of constructive news came out from the company, as generally in the form of a press release. It declared a new Farm Management Agreement with Stevia Ventures Corporation of Hanoi under which STEV would supply stevia seedlings and associated products. It is not recognized how long it would take until all the agreements that STEV freshly declared produce any tangible results, which is possibly the reason for all the promotions that accompany the company’s declarations.
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