These days, the share price of Portage Resources Inc (NDA) (PINK:POTG) suffers as this time the stock promotion and alerts were not in place to give support.
The only and “lonely” press release of the company from the end of the week succeeded to limit temporarily the speed of the shares' rolling down.
On Friday, after the next in row plunge down, POTG was worth $0.191 per share. The trading activity was not as strong as it had been on Thursday when almost 12 million shares changed hands. It sanctioned POTG with a return back of the share price by 22.18%.
At the end of the week, the shares' performance kept the cloudy investor mood, though the heavy bearish storm from the preceding trading session has calmed down.
One of the possible reasons for this to happen was the lack of a stock promotion and stock alerts on POTG.
The other argument for the strong downward direction of POTG was a recently released by the company update. On the one side, it may be the factor that limited the level for the share price decline. On the other, it disappointed many investors with the announced retreat from some company's strategies.
In its announcement, Portage Resources Inc. explained certain fact related to the forthcoming dilutive forward split of the company's capital, as well as to the meaning of the CUSIP number. Parallel to all above was the company's statement for the “abandonment” of the Holly Properties in Pershing.
Not that long ago, in mid-July this year, Portage reported "positive due diligence on the Holly Gold Properties in Pershing County, Nevada".