The Pump of Northumberland Resources Inc (OTCMKTS:NHUR) Comes to A Halt
The Pump of Northumberland Resources Inc (OTCMKTS:NHUR) has come to a screeching halt right after it started to work out for them. The last email was sent in Sunday after they had a ray of light, finishing in the green on Friday for the first time after 8 consecutive trade sessions in the red.
After NHUR‘s stock gained a fair 25% in Monday’s trade session as it went from $0.882 at market open to $1.03 at the end of the trading session it started to fell hard yesterday. NHUR commenced yesterday’s trade session well with a starting price of $1.07 per share and even reached a high of $1.13, however, in just a few hours after market open their stock started going down quickly and proceeded in the same direction until the end of the trading session.
NHUR closed at a final price of $0.92 (just one cent above their low for the day of $0.91) at a little ofer their average volume of 876 thousand, making the total count of shares which switched hands to come to just over 1 million. Their promotion didn’t manage to generate the same effect as the one carried out for Xumanii Corp. f/k/a Medora Corp (OTCMKTS:XUII) who are riding the wave of investor interest strong as they went 36% up in the last 4 trading sessions.
It seems as tho the insiders feel that the company’s stock is going nowhere with recent developments in NHUR. However, we are not quite sure if we can call the events in the company developments, because nothing is developing in a positive direction. As a matter of fact the company is seemingly slowing down as they didn’t manage to start the year very well compared to the first quarter of 2012 when they made total revenues of $182 thousand compared to only $39 thousand in this years first three months. That is bad for itself, but when you see that they have done it with roughly the same amount of expenses it doesn’t look good.
The problem for the stock to continue in and upward direction with no drops like yesterday is that NHUR are keeping quiet, with their last press release dating back to June 10, which is not common for a company that is undergoing a promotional campaign. Even with that we still think that they have enough time to prepare for the next round of pump emails, which we think is coming soon as the total budget for their promotion totals $3 million. Be sure to watch out for the future pumps, as some of the more experienced investors can make a profit in such situations with short-term investments. However, don’t make any rash decisions and be sure to do your due diligence before you make up your mind.
As a matter of fact NHUR isn’t the only company that had a short lived pump. As we can see from Tungsten Corp (OTCMKTS:TUNG) their campaign from June 12 didn’t manage to generate that much hype and the company stock fell after just a few sessions in which they finished in the green. TUNG are still recovering, but can’t seem to reach their pump-peak price of $0.71 as they are now at $0.63