Las Vegas, NV -- (SBWIRE) -- 02/07/2013 -- Petrosonic Energy Inc (PINK:PSON) seems to be moving again in an upward trend which could result in strong rally. The stock has gained more than 35 percent in today’s session to close at $0.649. The traded volume stood at 435,390 shares as compared to its average volume of 453,073 shares per day.
Looking at its price history the share price saw resistance at $1.12 in last one year while strong support was seen at $0.18 in last 52 weeks.
Petrosonic Energy Inc also hired Ormont LLC last month for investor awareness efforts and corporate communications. The current surge also be result of Ormont LLC’s efforts.
The company also generated $3.1 million in equity financing with a group of strategic retail and institutional investors. The company initially planned to generate the funding of $1.5 million but on overwhelming response ended up with $3.1 million. Petrosonic also expect revenue from its emulsion processing in the current quarter.
To find out what OTCMAGIC projects for Petrosonic Energy Inc for both short term and long term please click here: PSON
OTCMAGIC Spends all day scouring the markets for the next huge Stock Picks. Investors have come to trust us for our up to date commentary on all hot stocks so please visit OTCMAGIC right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly OTCMAGIC is the hottest thing in OTC Picks!
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)