In yesterday’s trading session, the stock price of PetroTerra Corp. (OTCMKTS:PTRA) jumped more than 24% to close the day at $1.12. The gains came at a share volume of 791,336 compared to average share volume of 32,547. In the preceding session, the stock exploded over 50%, fueled by a promotional campaign.
The pump
The promoter entity Wall Street Report performed an excellent job promoting PetroTerra stock, which had been in obscurity for months. It came into focus after the emails promoting the stock made their way into investors’ inboxes. Such positive results were expected as the outfit were compensated a staggering amount of $150,000 to promote the company’s stock. Following the pump, PetroTerra enjoyed a strong ride, opening high and sustaining gains throughout the trading session, and surging even more.
The momentum
Here, the major question is whether PTRA stock will be able to continue its run or once again will return to oblivion. As seen in case of paid pumps, the uncertainty always remains. The outfit Wall Street Report was compensated a rather large amount, so one could rationally look forward to extended promotional campaign in coming period, and if the recent gains recorded by PetroTerra stock are any indication, there may be more green closings in the coming weeks.
Time to hold back
Let us not forget that PetroTerra stock is a target of paid pump, which suggests it may end up lower than from where the up move started, as seen in most of the pump cases. The risk of a sharp decline becomes graver considering the fact that PetroTerra has past history of selling its common stock at unreasonable prices. As per the latest filed Form 10-Q in August, the company was offering shares of its common stock for just $0.28 per share. Clearly, investors should perform due diligence before jumping into the frenzy buying.
PetroTerra Corp. (OTCMKTS:PTRA) enjoyed a great day yesterday as it ended the last trading session with a mammoth gain of 24.44%. The volume of the day surged to 791,000, much higher volume against the daily average of 90,000 for the second consecutive session, indicative of the huge buying interest present at the current moment. The stock has been moving in the range of $0.20-$0.70 for the last 4-5 months, which has taken the shape of a bullish Cup & Handle pattern. The breakout from the pattern came with a gap, increasing the strength of the prevalent sentiment.
Another OTC stock that is trading with huge volume is Dragon Capital Group Corp. (OTCMKTS:DRGV). Yesterday, DRGV opened up at .0002 and went on to hit .0003 for a gain of 50pct. It seems DRGV may be one of the most undervalued situations we’ve seen in a long time and yesterday’s news confirmed that others are thinking the same thing.
A top research firm (the analyst has been interviewed by The Wall Street Journal, Barron’s, IBD, The New York Times, Washington Post) released a report on DRGV last night, making several bold statements, including giving DRGV a target of .01. See HERE for more info on DRGV research report.
Dragon Capital Group Received a Contract for Exchange System of Audio and Video Media Based on Cloud Technology
DRGV announced today that its wholly owned subsidiary, Shanghai Yazheng Information Technology Company, Limited (“Yazheng”), has received a contract of exchange system of audio and video media based on cloud technology from Shanghai Wenguang News Media Group. The contract awarded Yazheng approximately US$350,000 for the project that is expected to be completed in the fourth quarter of 2015. Management estimates the company can achieve 25% to 30% in gross profits.
