Eventure Interactive Inc (OTCBB:EVTI) a social application and technology development company has been steadily on the uptick with stock prices appreciating as much as ~500% in just under two weeks. It seems to have all started with a post by a promoter ActiveMarketInsider.com on Facebook. ( See here https://www.facebook.com/activemarketinsider?ref=hl).
The promoter touted it as an early bird special play when the stock was trading at mere $0.033. Since then, Eventure Interactive Inc (OTCBB:EVTI) has surged from $0.033 to all the way to today’s closing high of $0.15. The volume has also picked up significantly with more than 795K shares exchanging hands today.
The company issued a press release on April 15th announcing the launch of its mobile games division, “EventurePlay™.” The gaming development team was formed to create event-based games that complement its social calendaring application and recently announced SmartSeen™ camera and streaming hub. More information on the company can be found out at http://www.eventure.com/
As of December 31, 2014, the company is running under net operating loss and has yet to register any profits. It will be interesting to see how long the pump last. So far, ActiveMarketInsider.com has done a great job of pumping the stock prices over 500% in just a matter of 2 weeks. Some of the previous pumps of this promoter include NASDAQ:COOL and NASDAQ:CALI that registered staggering gains in couple of trading session. Whatever the reason for the surge, it should be interesting to watch Eventure Interactive Inc (OTCBB:EVTI) in the upcoming trading session.