An uncompensated newsletter issued by ActiveMarketInsider.com has let to share prices of Doxa Energy Ltd (OTCMKTS:DXAEF) gain by more than 1200% today. Active Market Insider sent out sms alerts to its subscribers that let to the price frenzy at the opening bell today. Doxa energy (OTCMKTS:DXAEF) opened at $0.026 and went on to hit a high of $0.15, adding more than 1200% to its opening price. So far, more than 1.73M shares have exchanged hands and the stock is still up by 400% at 3:10 pm EST and trading at $0.0473.
Earlier, Doxa Energy Ltd. (“Doxa” or the “Company”) (DXA) DXAEF, +400.00% (frankfurt:5D0) issued a press release that that it has been asked by the TSX Venture Exchange and IIROC market surveillance to comment on the Company’s recent share price increase. As per the press release, Doxa’s Management is unaware of any undisclosed material change or corporate development that would account for the recent increase in the company’s share price.
Doxa Energy Ltd (OTCMKTS:DXAEF) back in February, the company announced the completion of an exploratory drilling program which included initial test wells drilled on three different conventional oil & gas exploration projects in southern Texas.
It appears that With excellent Revenue Growth, a potential Low Float, and a 1 Cent price tag coupled with a penny stock newsletter from ActiveMarketInsider.com, DXAEF has gone viral on the wallstreet.