Novus Robotics, Inc. (OTCMKTS:NRBT) Reaches Peak after Week of Buying

A few more hours, a few more days and reckoning may be there for Novus Robotics, Inc. (OTCMKTS:NRBT). A company previously known as Ecoland International, Inc. (ECIT), this penny stock switched business and identities, but never abandoned the idea that a pump scheme was the best price booster. For NRBT, the boost phase may soon be over, as the past few days passed in relentless buying fueled by a campaign on business TV channels and even radio. NRBT0722.png

NRBT reached 20 cents on a climb of more than 30%, on volumes above $550,000. This is 20 times higher than the price of just a cent the past week, and buying has spiraled upwards every day since. Before that, NRBT was barely traded for months, with the exception of a flurry of activity at the beginning of 2012, which is actually a remnant of the old ticker, ECIT. ETEK0722.png

Otherwise, the company shows the following financial resources:

  • $607,525 cash
  • $1.7 million total current assets
  • $1 million total current liabilities
  • $377,694 revenues
  • $8,307 quarterly loss

The company is so far equipped for some operations, although this does not explain the need for promotions which cause the stock to move disproportionately.

If a stock at the 20 cent range seems attractive, there is Nuvilex, Inc. (OTCMKTS:NVLX), a highly promoted stock that moves upward with few pauses. Volumes are relatively lower than the peak days of the promotion, but are also stable in the past weeks.

EcoTec Group, Inc. (OTCMKTS:ETEK) also started in a similar range, but the promotion soon turned sour, depressing the ticker to 23 cents on very active selling.

NRBT is using all possible channels to promote itself, so it may hang in there for a while, as the 20-cent range is still quite accessible. Still, it is best to do your own research before you decide on this ticker bursting on the scene out of nowhere. While some penny stocks go on to greater heights despite all past examples, there is no telling when the upward trend would reverse, wiping out a large percentage of investments.

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