Is Echo Automotive Inc (OTC:ECAU) Being Pumped

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Las Vegas, NV -- (SBWIRE) -- 04/19/2013 -- Echo Automotive Inc (OTC:ECAU) previously has been pumped by promoters such as Five Star Equities and The Bedford Report. It has paid up to $75000 in its previous month to the promoters with little number of hype mails to its investors and generated almost $140,367 volume.

At the present, since the new month has started, the effect of promotions seems to be wearing off though in its previous session Echo Automotive Inc closed with 0.29% of gain at $0.513 after opening at a price of $0.50 per share. It reached the day’s high of $0.55 per share.

Investors too seem to have gotten out of the promotions impact and did not seem interested in supporting the trade, thus the traded volume for the last trading session stands at 104,967 which is relatively lower when compared to its average traded volume of 489,781 shares per day.

Currently Echo Automotive is trading at a market valuation of $38.51 million along with 75 million shares outstanding.

To find out what OTCMAGIC projects for Echo Automotive Inc.,for both short term and long term please click here: ECAU

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